GOLD is preparing to break monthly support?

Short

CFDs on Gold (US$ / OZ) (TVC:GOLD)

Updated

TVC:GOLD CFDs on Gold (US$ / OZ)

Trend Analysis Chart Patterns Technical Indicators Gold XAUUSD goldsignals goldforecast goldidea goldtrading goldshort goldanalysis goldsell

trendanalysis chartpattern indicator gold xauusd goldsignals goldforecast goldidea goldtrading goldshort goldanalysis goldsell

GOLD (4H) is currently below the daily support level and has formed a bearish Doji. As the long-term trend is bearish, monthly, weekly, and daily price action is strongly bearish and the price is likely to continue to drop and we may see monthly support broken.

Upon retest of daily support as resistance and rejection, a sell trade is highly probable :)

Comment:

XAUUSD top-down analysis

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