VasilyTrader

GOLD (XAUUSD): Detailed Technical Outlook 🥇

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

Here is the update for Gold ahead of Powell's speech.

The market is trading in a bearish trend on a daily.
Last week, the market broke and closed below a wide demand area.
The market dropped after a retest of a broken structure.

Analysing the intraday perspective, we may spot a test of a local low now.
1909 is a minor support.
Its breakout will trigger a further bearish continuation.

Next goal will be 1900.

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.