Mahtab_Tradia

XAUUSD Bearish Structure

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
As you see in the Daily time frame, we have a downtrend with a bearish structure. Price failed to break the last high to make a higher high and was pushed to the downside.

Moreover, the yesterday’s candle has engulfed the day before and has made a bearish reversal pattern, and we can see the bearish pressure on today’s candle either.

If price breaks the yesterday’s low at 1841 and closes a bearish candle below this level in 4H or 1H time frame, I expect a drop on XAUUSD towards the next major low (1811 and 1787)

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