• Vasily Trader

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.

Good luck!