⚡️XAUUSD CMC TRADING ⚡️ WEEKLY SUPPLY ZONE

Short

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

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OANDA:XAUUSD Gold Spot / U.S. Dollar

trendanalysis chartpattern waveanalysis gold xauusd forex fx cmc champsmoneyconcepts

Gold recently deceived with a false bullish breakout in the weekly/daily supply zone, leading to a bearish reversal. Additionally, the 4-hour timeframe revealed a recent bearish breakout along the trend line, supported by identified confirmations. Anticipating a downside momentum, we also foresee a potential approach to lower levels, possibly nearing the weekly trend line, based on observed price action.

Comment:

4hour Perspective. Showing a breakout

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