GOLD (XAUUSD): Important Bearish Breakout
Quick update on Gold....
As we discussed yesterday, to wait for a breakout, the price of gold finally broke and closed below an important intraday support level after consolidating.
Upon retesting this broken support, there was a strong bearish response, leading me to believe that the market will continue to decline.
The next support level to watch for is at 2896.
As we discussed yesterday, to wait for a breakout, the price of gold finally broke and closed below an important intraday support level after consolidating.
Upon retesting this broken support, there was a strong bearish response, leading me to believe that the market will continue to decline.
The next support level to watch for is at 2896.
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Related publications
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.