GOLD (XAUUSD): Bearish Outlook Explained 🏅
Updated
https://www.tradingview.com/x/Pi95uWTO/
Gold nicely respected a horizontal daily supply area.
The price formed a bearish engulfing candle on a daily
and violated a support line of a horizontal range on a 4H time frame.
I believe that the price may drop lower next week.
Next supports: 2010 / 2000
❤️Please, support my work with like, thank you!❤️
Gold nicely respected a horizontal daily supply area.
The price formed a bearish engulfing candle on a daily
and violated a support line of a horizontal range on a 4H time frame.
I believe that the price may drop lower next week.
Next supports: 2010 / 2000
❤️Please, support my work with like, thank you!❤️
Note
The price nicely respected a broken support of the range!
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