GOLD {XAUUSD}: Bearish Correction Continues
I’ve noticed another significant intraday structure breakout.
Gold has breached a support cluster within a tight horizontal range, signaling strong selling pressure and a bearish outlook.
After a comprehensive retest of the broken structure, we’re now seeing a bearish reaction. I expect the price to approach the levels of 2553 soon.
Gold has breached a support cluster within a tight horizontal range, signaling strong selling pressure and a bearish outlook.
After a comprehensive retest of the broken structure, we’re now seeing a bearish reaction. I expect the price to approach the levels of 2553 soon.
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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.