Hey traders,
GOLD (XAUUSD) keeps trading below a major daily supply zone.
With two consequent dodji candles we see the current weakness of bulls on a daily.
Analyzing 4H, we see that the market is currently trading in a local bearish trend.
The price is steadily falling within an expanding wedge pattern.
Next week I will expect a bearish continuation within the wedge.
Bias remains bearish.
Local support:
1770
1760
โค๏ธPlease, support this idea with a like and comment!โค๏ธ
ืืขืจื:
Check my new idea on GBPCHF:
โ
Join My Telegram Channel: t.me/VasilyTrading
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ
โ๏ธYouTube Channel www.youtube.com/c/VasilyTrader
๐ฐInstagram: www.instagram.com/VasilyTrader/ ๐ฐ
โ Facebook: www.facebook.com/VasilyTrading/ โ