Gold (XAUUSD): Important Decision Ahead! Your Plan: 🟡

5 Feb 2023

Hey traders,

Gold dropped sharply on Friday.
The price has quickly reached a support line of a rising channel on a daily.

Important decision is ahead!
If the price breaks and closes below the support of the channel,
a bearish continuation will be expected.
Next support will be 1832.

Alternatively, the market may start coiling on a trend line.
You can look for an intraday confirmation to buy, expecting a pullback.

I will post an update once I see a confirmation.

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