GOLD (XAUUSD): Important Structure Ahead! 🥇
As I predicted earlier, Gold dropped nicely.
The market is currently approaching a solid confluence zone:
we see a perfect match between a current daily low and a falling trend line.
From the underlined blue zone, I will expect a pullback.
Analyzing the price action on 4H, I spotted a falling wedge pattern.
While the price is trading within its boundaries, the market remains bearish.
Its bullish breakout will most likely trigger a correctional movement.
I will keep you posted.
Do you want me to record a detailed video for Gold on the weekend?
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