🥇 GOLD Price in a bearish rut
Gold is narrowing in the pre-breakdown consolidation, hence, the break down is close.
This set-up clearly shows seller pressure in the market.
1) The pressure is on the support of 1805, which may be broken in the near future
2) The trend is bearish (global and local).
3) Price reacts strongly to the resistance trend line
4) There is an important liquidity zone (target) of 1780-1770 area ahead.
We expect breakdown of support 1805, to open transactions immediately upon breakdown or after consolidation below the level
This set-up clearly shows seller pressure in the market.
1) The pressure is on the support of 1805, which may be broken in the near future
2) The trend is bearish (global and local).
3) Price reacts strongly to the resistance trend line
4) There is an important liquidity zone (target) of 1780-1770 area ahead.
We expect breakdown of support 1805, to open transactions immediately upon breakdown or after consolidation below the level
❤️ Telegram channel: t.me/AndeWave
❤️ Telegram channel: t.me/AndeWave
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