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VasilyTrader
Dec 19, 2023 10:55 AM

GOLD (XAUUSD): Intraday Technical Outlook 🥇 Short

Gold / U.S. DollarFOREX.com

Description



After a confirmed breakout of an intraday horizontal demand cluster,
Gold started to recover steadily within an expanding wedge pattern.

We saw a strong rejection from the broken area.
Our next bearish signal will be a bearish breakout of the support of the wedge
with a 4H candle close below that.

It will push the market at least 2010 level.

If you haven't shorted yet, patiently wait for a breakout.

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Comments
VasilyTrader
Wait for a bearish breakout of the support of the wedge. That will be your strong bearish confirmation.
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