OptimoomFX

Gold- Bearish scenario in play

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Three days ago, after the strong reversal from close to resistance and the Evening Star candles formation, I've become bearish Gold .
However, the Pin Bar from 1795 support made me sit on the bench yesterday.
At this moment, a new Pin Bar and a strong reversal from above 1820 resistance made me a bear again.
From a technical point of view, is very probable to have a lower high in place at this moment and XauUsd could continue its fall towards 1750 support
As I said, 1790-1795 is interim support at this point.
I will look to sell rallies close to 1820
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Comments

I am looking at similar levels. Also piercing that upper bound from previous downward moving channel is not great for gold in immediate term.

+1 Reply
Good Setup
+1 Reply
OptimoomFX Signal_Forex
@Signal_Forex, thanks bro
Reply
agree about some more fall here

thanks for sharing
+1 Reply
OptimoomFX MMBTtrader
@MMBTtrader, thanks for your support
Reply
Great setup
Reply
Quality content, thanks for sharing. 🔥🔥
Reply
seems logical see what's next
Reply
Thanks for sharing my dear friend
Reply
the same idea here
Reply