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GOLD (XAUUSD): Bearish Outlook Explained 🥇
Gold Spot / U.S. Dollar
Short
GOLD (XAUUSD): Bearish Outlook Explained 🥇
By VasilyTrader
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Jul 30, 2023
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Jul 30, 2023
https://www.tradingview.com/x/ht1bfgk2/
Gold perfectly respected a key horizontal resistance
and a falling trend line on a daily, forming a double top pattern.
The neckline of the pattern was broken this week and it is a very important
sign of strength of the sellers.
I think that the market may drop lower.
For entries, consider the underlined confluence zone based on
a trend line and the underlined resistance.
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Double Top or Bottom
fxtrading
Gold
goldforecast
goldshort
goldsignals
Support and Resistance
trader
trading
Trend Lines
XAUUSD
VasilyTrader
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