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Mihai_Iacob
Jul 21, 2021 1:56 AM

Gold- Bearish scenario in play Short

GoldOANDA

Description

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

Signal_Forex
Good Setup
Mihai_Iacob
@Signal_Forex, thanks bro
MMBTtrader
agree about some more fall here

thanks for sharing
Mihai_Iacob
@MMBTtrader, thanks for your support
Saif_R
Great setup
financialflagship
Quality content, thanks for sharing. 🔥🔥
ProjectSyndicate
seems logical see what's next
Helical_Trades
Thanks for sharing my dear friend
fatemeh_asp1984
the same idea here
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