🥇Gold🥇 Falling with Bearish Engulfing Candlestick Pattern

5 lug 2023

Gold has been moving in an ascending channel for over 5 days.

Gold was able to break the lower line of ascending channel.

In the last 16 hours, gold started to complete a pullback to the ascending channel, the 💡sign💡 of the completion of the pullback is the formation of a Bearish Engulfing Candlestick Pattern.

I expect gold to fall to at least a 🟢heavy support zone($1904-$1886.40)🟢 after breaking the 🟢support zone($1922.6-$1919.60)🟢

I expect gold to continue its decline to the 🎯targets🎯 I specified in the chart.

Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.

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5 lug 2023

Trade attivo

6 lug 2023

Nota

Gold is completing a pullback to the broken 🟢support zone($1922.6-$1919.60)🟢.

6 lug 2023

Trade chiuso: obiettivo raggiunto