VasilyTrader

GOLD (XAUUSD): Two Potential Scenarios Explained🥇

Long
VasilyTrader Aggiornato   
OANDA:XAUUSD   Oro / Dollaro

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!❤️
Commento:
Check my new analysis on CADJPY:

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
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.