GOLD (XAUUSD): Bearish Wave Continues 🥇
https://www.tradingview.com/x/br8pZBO1/
Earlier, I have predicted that Gold will drop from a major falling trend line.
After its test, we saw a strong bearish reaction.
Taking into consideration the fact that Gold is trading in a bearish trend,
probabilities will be high that the market will go lower.
On a 4H time frame, the market closed, trading in a horizontal range and consolidating.
Your bearish confirmation will be a bearish breakout of the support of the range
- a 4h candle close below 1914.
A further bearish continuation at least to 1907 level will be expected then.
Alternatively, a bullish breakout of the range may initiate a correctional movement.
❤️Please, support my work with like, thank you!❤️
Earlier, I have predicted that Gold will drop from a major falling trend line.
After its test, we saw a strong bearish reaction.
Taking into consideration the fact that Gold is trading in a bearish trend,
probabilities will be high that the market will go lower.
On a 4H time frame, the market closed, trading in a horizontal range and consolidating.
Your bearish confirmation will be a bearish breakout of the support of the range
- a 4h candle close below 1914.
A further bearish continuation at least to 1907 level will be expected then.
Alternatively, a bullish breakout of the range may initiate a correctional movement.
❤️Please, support my work with like, thank you!❤️
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