Gold (XAUUSD): Important Breakout & What is Next 🟡

OANDA:XAUUSD   Gold Spot / U.S. Dollar

Hey traders,

Gold broke and closed below a key weekly demand cluster.
That violation is a very strong bearish trigger and it will push the market much lower.

Zooming in the chart, I spotted a falling parallel channel .
I suppose that the price will keep falling within its boundaries.

Next supports: 1600 / 1550

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