GOLD (XAUUSD): Bearish Outlook Explained 🏅 Short

Gold / U.S. DollarFOREX.com

Description

⋅ Dec 17, 2023 8:23 AM

Gold nicely respected a horizontal daily supply area.

The price formed a bearish engulfing candle on a daily
and violated a support line of a horizontal range on a 4H time frame.

I believe that the price may drop lower next week.
Next supports: 2010 / 2000

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Comment

⋅ Dec 19, 2023 6:50 AM

The price nicely respected a broken support of the range!

Comments

VasilyTrader

⋅ Dec 17, 2023 8:23 AM

Are you bearish on Gold?

Overkilla

⋅ Dec 17, 2023 6:30 PM

@VasilyTrader, I will focus on market opening, but overall bullish, short-term bearish.

VasilyTrader

⋅ Dec 18, 2023 6:02 AM

@Overkilla, oversold bullish
I do agree
But with a short term correction