Mihai_Iacob

Gold- to break confluence support

Short
OANDA:XAUUSD   Or / Dollar Américain
On Friday, Gold has reversed from my sell zone from 1810-1815, just to clearly show weakness yesterday with a price not managing to stay above 1800.
At this moment the price sits exactly on confluence support at 1790 and I expect a breakdown.
This break will confirm my medium-term outlook for Gold, which, as I say for 3 weeks now, is bearish, and expose 1720 support in the first instance.
Furthermore, Gold can drop under 1700, to 1680 strong support.
Sell rallies is a good strategy in my opinion

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.