Mahtab_Tradia

XAUUSD Will Visit 1790?

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
We have seen a significant drop on XAUUSD in the past few weeks, and as I expected in my previous analysis, price hit the targets.

We can see the bearish structure and the sharp downtrend in higher time frames. Price could break the support level at 1850 and closed bearish candles below that level.

Currently, it seems like price is doing some retrace and maybe it pulls back around 1850 for a retest.

The next support zone for price is around 1820-1824 and if price breaks this support area and closes a bearish candle below this zone, I expect more drop on XAUUSD around 1790 which is a support level.



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