CFD Oro (US$/OZ)Short
GOLD (XAUUSD): Bullish Continuation Confirmed?!
Following a recent downturn, gold has retraced to a significant structure that was recently breached.
I've identified two strong bearish signals after its test: the price broke below the neckline of a double top formation and also fell below a resistance line associated with a bearish flag pattern.
These breakouts suggest a strong likelihood of a continued bearish trend.
It is highly likely that the market will keep declining, reaching the 2646 level shortly, followed by the 2637 support level.
I've identified two strong bearish signals after its test: the price broke below the neckline of a double top formation and also fell below a resistance line associated with a bearish flag pattern.
These breakouts suggest a strong likelihood of a continued bearish trend.
It is highly likely that the market will keep declining, reaching the 2646 level shortly, followed by the 2637 support level.
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