Hey traders,
GOLD (XAUUSD) keeps trading below a major daily supply zone.
With two consequent dodji candles we see the current weakness of bulls on a daily.
Analyzing 4H, we see that the market is currently trading in a local bearish trend.
The price is steadily falling within an expanding wedge pattern.
Next week I will expect a bearish continuation within the wedge.
Bias remains bearish.
Local support:
1770
1760
❤️Please, support this idea with a like and comment!❤️
Comment:
Check my new idea on GBPCHF:
âś…Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
đź’°Instagram: www.instagram.com/VasilyTrader/ đź’°
âś…Facebook: www.facebook.com/VasilyTrading/ âś…
❗️YouTube Channel www.youtube.com/c/VasilyTrader
đź’°Instagram: www.instagram.com/VasilyTrader/ đź’°
âś…Facebook: www.facebook.com/VasilyTrading/ âś…