GOLD (XAUUSD): Two Potential Scenarios Explained🥇
Atualizado
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/ ✅
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.