Gold Spot / U.S. Dollar

Short

GOLD (XAUUSD): The Zone to Watch 🥇

By VasilyTrader

Updated

snapshot

On Gold we got a brand new trend line yesterday:
the price is now trading within a falling wedge pattern,
nicely being rejected from its upper boundary.

Now the blue contracting area on the chart serves as our intraday/daily supply zone.
From that, I will expect a bearish continuation.

Next support - 1750

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Note

Check my new analysis on XMRUSD:

Monero (XMRUSD): Potential Structure Trade Explained

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