🥇Gold🥇 Falling with Bearish Engulfing Candlestick Pattern
Gold has been moving in an ascending channel for over 5 days.
Gold was able to break the lower line of ascending channel.
In the last 16 hours, gold started to complete a pullback to the ascending channel, the 💡sign💡 of the completion of the pullback is the formation of a Bearish Engulfing Candlestick Pattern.
I expect gold to fall to at least a 🟢heavy support zone($1904-$1886.40)🟢 after breaking the 🟢support zone($1922.6-$1919.60)🟢
I expect gold to continue its decline to the 🎯targets🎯 I specified in the chart.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold was able to break the lower line of ascending channel.
In the last 16 hours, gold started to complete a pullback to the ascending channel, the 💡sign💡 of the completion of the pullback is the formation of a Bearish Engulfing Candlestick Pattern.
I expect gold to fall to at least a 🟢heavy support zone($1904-$1886.40)🟢 after breaking the 🟢support zone($1922.6-$1919.60)🟢
I expect gold to continue its decline to the 🎯targets🎯 I specified in the chart.
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Comment:
Gold is completing a pullback to the broken 🟢support zone($1922.6-$1919.60)🟢.
Trade closed: target reached
