Gold (XAUUSD): What a Breakout 🟡
Gold suddenly dropped yesterday.
The price broke and closed below a neckline of a descending triangle formation on 4H time frame
with a high momentum bearish candle.
The next support that I see is 1977, it will be the next goal for the sellers.
For entries, consider an occasional retest of a broken neckline of a triangle.
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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.