XAUUSD continue its downtrend.

אתמול

After the FOMC statement, gold continued its bearish trend strongly. Now, on the 4-hour chart, we can see a clear retest of the previously broken zone, forming an engulfing candlestick pattern. Therefore, we can expect a retest of the zone on the 15-minute chart to look for a short and continue the trend, potentially reaching around 2540.

Remember to trade responsibly with good risk management.

Let's make some profits, good luck.