• Vasily Trader

GOLD (XAUUSD): Important Test of Structure! Watch Carefully

Two equal lows are always considered as important reversal clue in price action trading.

With a two consequent bullish candles, we saw a strong bullish pressure the last two days.

The last resort for sellers is a resistance line of a falling parallel channel on a daily.

To catch a bullish swing, wait for its breakout.

It will be a perfect confirmation.

Next resistances:



In case if a trend line is respected and the price sets a new ll, bearish continuation will be expected.

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