• Vasily Trader

GOLD (XAUUSD): And Now We Are Bearish! What is Next?

Hey traders,

It turned out that gold went quite overbought.

Slowing down within a rising parallel channel on intraday time frames,

on Friday its support was broken.

Now we may expect a correctional move to 1810 - 1834 daily demand cluster.

Only then a bullish wave will be expected.

Have a wonderful weekend!