XAUUSD > Breakout and Continuation Down Is Expected! Analysi | tradiingaxis

XAUUSD > Breakout and Continuation Down Is Expected!


Analysis of #XAUUSD


Gold broke its trend line support which now turned to resistance and could be the start of the move to the downside.

as you can see the market came back and made a retest to its previous trendline support and started the move to the downside.

we can expect this move to continue down to test the support zone near 1920, but first, it must close below 1939.58 to confirm the move down will resume

Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis .

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