GOLD (XAUUSD) Very Bearish Setup
Gold was contracting for quite a while within an ascending triangle formation.
However, now we see some bearish clues:
The last hourly candle closed below the triangle's support and for us, it is a very strong intraday bearish signal.
Now the price may drop lower to retest 1811 local structure low
and then drop even lower to 1806 next support.