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VasilyTrader
Feb 18, 2024 1:25 AM

GOLD (XAUUSD) Testing Supply Zone! What is Next?🥇 Short

FOREXCOM:XAUUSD1D
Gold / U.S. DollarFOREX.com

Description

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Gold is recovering after a strong bearish movement.
The price is currently testing an expanding supply area.

I believe that we will see a bearish movement soon.

The first goal for the sellers will be a retest of a local low 1992.
The second target will be 1980 major support.

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Trend LinesSupply and DemandSupport and ResistanceGoldXAUUSDgoldtradinggoldsignalsgoldforecastxauusdsignalsxauusdforecastxauusdtraderContains image
Comments
VasilyTrader
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Are you bearish on Gold?
Awoof
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@VasilyTrader I am . hope it doesn't go up to 2030 first?
VasilyTrader
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@Awoof, it may, depends on the news
matthewcheungkm
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I hope to see this move play out bearish. No other reason not to be bearish since it was a retest from the previous break of structure from CPI news
VasilyTrader
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@matthewcheungkm, lets see FOMC on wednesday
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