GOLD (XAUUSD): Intraday Bearish Setup 🥇

Short

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

OANDA:XAUUSD Gold Spot / U.S. Dollar

Triangle Parallel Channel Rectangle Gold XAUUSD goldtrading goldsignals xauusdsignals xauusdtrading Contains image

triangle parallelchannel rectangle gold xauusd goldtrading goldsignals xauusdsignals xauusdtrading containsimage

snapshot

We got 2 peculiar breakouts on Gold.
As you know, the market was consolidating for roughly 1 week.

Consolidating, the price formed a triangle and a horizontal range.
We see a breakout of both the support of a triangle and the range.

It confirms the local strength of the sellers.
The price may drop to 2006 support.

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.