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Monday, November 01, 2021

IS XAU/USD BEARISH SOON??

IS XAU/USD BEARISH SOON??

Gold OANDA:XAUUSD

Price made a double top . Price broke below a higher low-key level for a reversal but did not continue down. This means it did not violate the first key level for a reversal. Now we're waiting for the price to hit the second key level of the higher high for a triple top for a chance to the downside on the four hourly.

Price also broke the Octobers Bullish trendline and could potentially retest to the downside on the four hourly.



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