XAUUSD: Important Breakout & Very Bearish Pattern
↪️Upon analyzing the shorter time frames, I observed that 📉Gold adhered to a significant horizontal level
On the 4-hour chart, there was a definite breakout from an ascending parallel channel, indicating a bearish trend.
Currently, the price is undergoing a retest of this level, leading me to anticipate a downward movement...Trade safely 👍✅️
On the 4-hour chart, there was a definite breakout from an ascending parallel channel, indicating a bearish trend.
Currently, the price is undergoing a retest of this level, leading me to anticipate a downward movement...Trade safely 👍✅️