After Gold Breaches August Low @1894; Next Support Now In Focus!
After a subtle close beneath the 1894 mark in mid-August, gold embarked on a two-week bullish run towards the declining trendline. We saw last week candle forming an inside bar juxtaposed with the upper week—hinting at a potential reversal.
Should the upcoming trading week culminate in a strong bearish bar, gold might re-test the next support level beneath 1846. Conversely, a significant bullish surge could trigger a breakout from the descending trendline.
N.B!
- XAUUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gold
#xauusd
Should the upcoming trading week culminate in a strong bearish bar, gold might re-test the next support level beneath 1846. Conversely, a significant bullish surge could trigger a breakout from the descending trendline.
N.B!
- XAUUSD price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gold
#xauusd
Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
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