GOLD (XAUUSD): Two Potential Scenarios Explained🥇
Aggiornato
As I predicted Gold dropped nicely after the market opening.
Now the price is trading on a strong intraday structure support.
Based on a current perspective I see two potential scenarios:
- If the price breaks and closes below 1914 - 1917 demand area on 4H,
then I will expect a further decline to 1900 / 1891 levels. - Because the market looks oversold, a pullback is highly probable as well.
Your confirmation to buy will be a bullish breakout of a falling wedge pattern on an hourly time frame.
Then a bullish continuation will be expected to 1932 / 1943 levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Nota
Check my new analysis on CADJPY: 
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.