XAUUSD seeing more downside if it breaks below the support

23 באוק׳ 2020

Price is trending in a triangular squeeze in between the ascending and descending trendlines. A break below our downside confirmation level where the 76.4% fib retracement and ascending trendline are, could see a further drop to our first support target. Stochastic is facing bearish pressure from our resistance as well.