GOLD (XAUUSD): Updated Market Structure Analysis
https://www.tradingview.com/x/EKu1fztW/
Gold is now trading within a rising, expanding channel on a daily time frame.
Updating the ATH, the price perfectly respected its upper boundary
and started a bearish movement from that.
The closest strong support that I see is a demand cluster
based on a minor broken trend line and a horizontal structure.
The underlined blue area can be the first pit stop for the sellers.
I will look for a pullback trade from there.
❤️Please, support my work with like, thank you!❤️
Gold is now trading within a rising, expanding channel on a daily time frame.
Updating the ATH, the price perfectly respected its upper boundary
and started a bearish movement from that.
The closest strong support that I see is a demand cluster
based on a minor broken trend line and a horizontal structure.
The underlined blue area can be the first pit stop for the sellers.
I will look for a pullback trade from there.
❤️Please, support my work with like, thank you!❤️
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❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
✅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
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