XAUUSD SELLING SET-UP IS HEREHello Guy's Welcome To Another Day Of TRADING
Resistance: Around 2940 - 2945 (upper black trendline where price struggles to break above).
Support: Around 2900 - 2890 (lower black trendline where price bounces).
Target: 2900 (expected drop if price breaks below support).
If the price stays above support, it may go up again. If it breaks below, it could fall to the target.
Xauussdtrend
XAUUSD TECHNICAL ANALYSIS 4Hrs TF looking at the current situation it makes perfect sense why Gold has been consolidating since yesterday. We are above a trendline and below a resistance.
Knowing that gold couldn't hold the breakout from Monday this shows that the market has shifted hands and now the bears are in charge...this is my perspective and approach I am not advising anyone to trade like me I'm simply sharing my chart ✌️