Short

GOLD (XAUUSD): How to Catch a Bear Move? Full Plan: 🥇

Updated

Hey traders,

This week gold was quite bullish.
The market was steadily growing within an intraday 8H rising channel.

During the last two days, the price started to slow down.
It looks like the market became locally overbought.

To catch a bearish move, wait for a breakout of a support of the channel (we need at least a candle close below),
then sell aggressively or on a retest.

Goal will be 1755

In case of a bullish breakout of a resistance of a channel, bullish continuation will be expected.

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Note

Check my new analysis on GBPCAD:

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