Ideally this scenario is backed by sentiment towards gold. XAUUSD is falling from a Weekly supply zone, acompanied by a strong BEARISH ENGULFING bar on Weekly timeframe.
Suggesting a strong push towards the downside.
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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.