GOLD BEARS TO TAKE OVER

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

GOLD QUICK UPDATE 📚


👉As we can see price is still overall bullish trading inside this channel from a long-term perspective, and price is still in a clean impulsive move.

👉Moreover, price is approaching a massive zone, round number (psychological level), adding on our upper bound of this channel, acting as an over-bought zone.

Where we will be looking for new shorts as a correction movement.

👉Meanwhile, price is still overall bullish from a short-term perspective, and for the bears to kick in we need a break below the marked major swing low, then a movement lower would be expected.

If the happens, then we will be looking for new longs around our lower support zone as a trend-following one.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!