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VasilyTrader
Nov 12, 2023 7:41 AM

GOLD (XAUUSD): Important Bearish Confirmation?! 🥇 Short

Gold / U.S. DollarFOREX.com

Description



This week wave very bearish for Gold.
Since the market opening, the price was steadily falling.

I spotted a confirmed structure violation on Friday -
the market closed below 1942 - 1971 demand cluster.
It turned into a strong resistance now.

I will expect a bearish continuation lower to 1910

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

Comment

The market opened without gaps, retesting the broken structure.
Comments
VasilyTrader
Are you bearish on Gold?
theczarmel
@VasilyTrader yes, hopefully1910 will stand to collect higher liquidity. but overall picture it looks very clear reversal from last high 2weeks ago. good study VasilyTrader.like you approach especialltly EURUSD
annatradecharts
I Really appreciate your hard work
TradePlus-Fx
Totaly agree with you⚡️
I wait for 1920 level 🙌
MyCryptoParadise
As always, the reminder to trade with caution and manage risk effectively is a fundamental principle reiterated in technical analysis.
mainasarajnr
The imbalance at around the 1900 region got me asking, "are expecting it to go down below that area??"
VasilyTrader
@mainasarajnr we will see it after the market opening brother
ChrisLaw1
The sell signal was there, and your analysis has even made it clearer
VasilyTrader
@ChrisLaw1 thanks man, let’s see what will happen
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