XAUUSD Bearish below 1895.0

Bearish below 1895.0 with targets below, 1880.0, 1895.0, 1840.0 and below that 1820.0

Bullish on break of 1895.0, with targets above 1915.0, 1950.0 and above that 1985.0

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad

Transaction en cours:

Since the trend is down, 1906.5
Goal is - 1888

Commentaire:

XAUUSD is facing a strong downside pressure these days and as you see in the daily time frame, price has made a lower high.

Currently, price is approaching to the yellow support zone around 1890-1888 which has pushed it to the upside in the past.

But, since we are facing a bearish pressure and we have a downside structure, there is a high probability of the downside breakout on the support zone snd in the case of a bearish candle closure in lower time frames like 4H or 1H, we can expect more drop on XAUUSD around 1850.