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VasilyTrader
Nov 20, 2022 8:37 AM

Gold (XAUUSD): Is That a Bearish Reversal?! 🟡 Short

GoldOANDA

Description



Hey traders,

I spotted a peculiar head and shoulders pattern on gold on 4H time frame.
The price broke and closed below its neckline on Friday.

It looks like the market may drop lower next week.
The next support that I spotted is a horizontal daily demand zone.
1735 will be the next goal for sellers.

Good luck next week!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Comments
VasilyTrader
Are you bearish on GOLD?
FXKG
@VasilyTrader, Yes bearish until at least 1725!
ProjectSyndicate
killing it lately, great work
shawntime_academy
waiting for dropping to 1725 :)
linofx1
nice one
Cybernetics_tl
Great insight, good probability setup, considering the overall market condition we see that retrace !
UnitedSignals
Great idea.
AnabelSignals
Great chart, bro!
AtlasTrades
I agree with your opinion, xauusd can go by your plan
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