• Vasily Trader

GOLD (XAUUSD): How to Catch a Bear Move? Full Plan: (trading plan)

Hey traders,

This week gold was quite bullish .

The market was steadily growing within an intraday 8H rising channel .

During the last two days, the price started to slow down.

It looks like the market became locally overbought.

To catch a bearish move, wait for a breakout of a support of the channel (we need at least a candle close below),

then sell aggressively or on a retest.

Goal will be 1755

In case of a bullish breakout of a resistance of a channel, bullish continuation will be expected.