GOLD (XAUUSD): Bearish Scenario Explained (2 Options) 🥇

16 Haz 2021

Hey traders,

Very important thing happened with Gold this week:
the price broke and closed below a major rising trend line,
moreover, the market set a new lower low lower close on a daily starting a local bearish trend.

Now the broken trend line turned into resistance.

The area between a broken trend line and the current market high serves as a sell zone.
From there a bearish continuation will be expected.

I will be on the conservative side and will wait until the price retests the trend line for a safer entry.
However, more aggressive trading also can be an option.

Goal for sellers - 1816

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17 Haz 2021

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