Gold Spot / U.S. Dollar

Short

GOLD (XAUUSD) Very Bearish Setup

By VasilyTrader

Updated

snapshot

Gold was contracting for quite a while within an ascending triangle formation.

However, now we see some bearish clues:
The last hourly candle closed below the triangle's support and for us, it is a very strong intraday bearish signal.

Now the price may drop lower to retest 1811 local structure low
and then drop even lower to 1806 next support.

Note

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