GOLD (XAUUSD): What a Bearish Move Today! What is Next? 🥇

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Or / Dollar Américain (OANDA:XAUUSD)

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OANDA:XAUUSD Or / Dollar Américain

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Hey traders,

One week ago, Gold dropped nicely.
The price reached a strong demand cluster.
Then the market retraced and respected 382 retracement of the last bearish impulse.

Now the price is retesting the above-mentioned demand zone.

Be prepared for its bearish breakout.
In case of a daily candle close below that, I will expect a bearish continuation to 1752 - 1762 demand area.

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Commentaire:

Check my new idea on EURGBP:

EURGBP: Will it stay within that range? 🇪🇺🇬🇧

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