Short
XAUEUR - Potentially breakout support
Hello traders,
I see the changing of market structure for this XAUEUR, and feel like the support will be broken soon. So, next week, we still will see gold rebound from the support but potentially market will reject it on the resistance trend line (drew on my chart) and sellers will continue attack support again and again until it breaks.
So, taking a side as a seller is my preference if I trade this XAUUER. The target if the support broken will be around 1392.95.
I see the changing of market structure for this XAUEUR, and feel like the support will be broken soon. So, next week, we still will see gold rebound from the support but potentially market will reject it on the resistance trend line (drew on my chart) and sellers will continue attack support again and again until it breaks.
So, taking a side as a seller is my preference if I trade this XAUUER. The target if the support broken will be around 1392.95.
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