VasilyPonomarev
Short

GOLD (XAUUSD): Bearish Scenario For Next Week

FX:XAUUSD   Gold Spot / U.S. Dollar

hey guys,

gold just reached a strong falling trend line .
for now we see a positive bearish reaction from that and this touch may initiate a strong bearish swing move.

I will pay attention to a support line of a bullish flag pattern.
in case of a daily candle close below its support, bearish continuation will be highly probable.

goal for sellers will be 1860 (current daily low)

in case of a bullish continuation above the falling trend line , setup will be invalid.

Comments

Yh I defintely agree plus on the 2 hr time frame we can see that a head and shoulders pattern is forming that is riding the lower trend line indicating weakness. ( I'm a 16 year old trader I would love it if you commented on my latest post on XAGUSD, I think I have a good setup on it )
Reply
@mahad12334, thank you for comment buddy!!!
Reply
do you agree with my analysis?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out