GOLD (XAUUSD): Bearish Outlook For Next Week🥇

15 May 2022

Hey traders,

This week was very bearish for Gold:
the price broke and closed below an important structure cluster based on a horizontal demand zone and a rising trend line.

Now the broken area turned into a strong resistance cluster.
From that, I will expect a further decline.

Next support: 1780 - 1790 area.

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16 May 2022

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Check my new idea on EURCHF: