XAUUSD Correctiong before resuming the bearish move

Good day everyone. Earlier this week Gold finally broke out of the channel so we entered the selling. As you can see the 1755 zone is really hard to break due to the lack of momentum. For this reason, we expect a pullback for gold around 1772 before breaking that zone.

Kommentar:

Another way to see it!

Trade ist aktiv:

With the Feds comments, we are going for the second scenario!