GOLD (XAUUSD) Breakout & Important Shift! Plan for Next Week:
Yesterday after a nice accumulation,
bears successfully broke below daily horizontal support.
It is a very important bearish signal and it makes us bearish bias.
For intraday trading, consider a falling parallel channel .
Broken horizontal level and its trend line form a local resistance area from where I would look for shorting opportunities.
Next goal for sellers is 1690 level - next daily support.
For now, prioritize only selling.