VasilyTrader

GOLD (XAUUSD): Bearish Outlook Explained 🥇

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

Gold perfectly respected a key horizontal resistance
and a falling trend line on a daily, forming a double top pattern.

The neckline of the pattern was broken this week and it is a very important
sign of strength of the sellers.

I think that the market may drop lower.
For entries, consider the underlined confluence zone based on
a trend line and the underlined resistance.

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