• Vasily Trader

GOLD (XAUUSD): Bearish Scenario For Next Week Explained

Hey traders,

After a 1-month long correctional movement within a bearish flag pattern,

on Friday the price finally broke and closed below its support.

A double top formation with a lower high and its neckline breakout increase the chances of a further decline next week.

I will expect a drop to 1763 / 1750 levels.

Good luck & have a great weekend, traders!