GOLD (XAUUSD): And Now We Are Bearish! What is Next? 🥇

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

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OANDA:XAUUSD Gold Spot / U.S. Dollar

Support and Resistance Multiple Time Frame Analysis Wedge Gold XAUUSD goldtrading goldidea goldusd goldanalysis futures

supportandresistance mtfa wedgepattern gold xauusd goldtrading goldidea goldusd goldanalysis futures

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Hey traders,

It turned out that gold went quite overbought.
Slowing down within a rising parallel channel on intraday time frames,
on Friday its support was broken.

Now we may expect a correctional move to 1810 - 1834 daily demand cluster.

Only then a bullish wave will be expected.

Have a wonderful weekend!

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