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GOLD (XAUUSD): Bearish Outlook Explained 🏅

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Guld / USA-dollar (FOREXCOM:XAUUSD)  
VasilyTrader Uppdaterad   
FOREXCOM:XAUUSD   Guld / USA-dollar
Parallel Channel Multiple Time Frame Analysis Candlestick Analysis Gold goldsignals goldtrading goldtrader XAUUSD xauusdsignals goldanalysis goldshort Contains image
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parallelchannel mtfa candlestick gold goldsignals goldtrading goldtrader xauusd xauusdsignals goldanalysis goldshort containsimage
snapshot

Gold nicely respected a horizontal daily supply area.

The price formed a bearish engulfing candle on a daily
and violated a support line of a horizontal range on a 4H time frame.

I believe that the price may drop lower next week.
Next supports: 2010 / 2000

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Kommentera:
The price nicely respected a broken support of the range!
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