Gold (XAUUSD): Bearish Outlook For Next Week Explained 🟡

11 בפבר׳ 2023

An important thing happened on Gold this week.
After a strong bearish movement, the price reached a major rising trend line.
The price was coiling on that since Monday.
On Thursday, it was broken, though.

The price closed below that, forming a bearish engulfing candle.

I believe that the market may keep falling next week.
Next support on focus is 1817 - 1833 area.

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