GOLD (XAUUSD): Bearish Scenario For Next Week Explained 🥇

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Or / Dollar Américain (OANDA:XAUUSD)

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OANDA:XAUUSD Or / Dollar Américain

doubletoporbottom flagpattern parallelchannel gold xauusd futures silver xagusd goldtrading goldidea

Hey traders,

After a 1-month long correctional movement within a bearish flag pattern,
on Friday the price finally broke and closed below its support.

A double top formation with a lower high and its neckline breakout increase the chances of a further decline next week.

I will expect a drop to 1763 / 1750 levels.

Good luck & have a great weekend, traders!

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