GOLD (XAUUSD): Impressive Breakout
Yesterday's news saw a considerable shift towards a bearish market for Gold.
The market experiened a substantial bearish candle and breached two supports, as well as a sifnificant rising trend line, concluding the day below all three.
The compromised structures now form an extensive supply zone. We anticipate a retest of these broken structures, leading to a probable bearish continuation.
Next substantial support level is set at: 1978.
The market experiened a substantial bearish candle and breached two supports, as well as a sifnificant rising trend line, concluding the day below all three.
The compromised structures now form an extensive supply zone. We anticipate a retest of these broken structures, leading to a probable bearish continuation.
Next substantial support level is set at: 1978.
Sheena Lynne