VasilyTrader

GOLD (XAUUSD): Important Resistance Ahead! Your Plan: 🥇

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Gold is approaching a major daily resistance cluster.
1789 - 1800 is our potential reversal zone.
To catch a pullback from that, follow a rising wedge pattern on 1H.

Our confirmation of a coming bearish move will be a breakout of its support (at least 1H candle close below).
Then shoring on a retest, your first goal will be 1770 level.

In case of a bullish breakout of the yellow zone, though, the setup will be invalid and bullish continuation will be expected.

❤️Please, support this idea with a like and comment!❤️

Comment: Check My New Educational on Charting on TradingView: