VasilyTrader

GOLD (XAUUSD): How to Catch a Bear Move? Full Plan: 🥇

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

Hey traders,

This week gold was quite bullish .
The market was steadily growing within an intraday 8H rising channel .

During the last two days, the price started to slow down.
It looks like the market became locally overbought.

To catch a bearish move, wait for a breakout of a support of the channel (we need at least a candle close below),
then sell aggressively or on a retest.

Goal will be 1755

In case of a bullish breakout of a resistance of a channel, bullish continuation will be expected.

❤️Please, support this idea with a like and comment!❤️

Comments

I will wait for a breakout of a channel as a trigger
only then I will sell!

have a great weekend, traders!
+2 Reply