GOLD (XAUUSD): Watch Carefully!
Gold set a peculiar equal low retesting a 1678 horizontal support.
Taking into consideration that the market is trading a bearish trend, it can be an important reversal clue.
To catch a bullish move, wait for a bullish breakout of a falling parallel channel on a daily.
It will be a perfect confirmation for initiation of a new swing move.
Closest resistance 1755-1765
Remember that in case if a resistance of the channel is respected and a price sets a new lower low, we will expect a further decline.
Please, support me with like and comment!
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
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.