Gold (XAU/USD) is currently projected to continue its downward movement. The overall technical structure shows a weakening trend, indicated by a descending trendline and ongoing selling pressure.
This bearish outlook is further reinforced by the appearance of a bearish candlestick formation and a double top pattern, both of which are commonly associated with trend reversals to the downside. These confirmations strengthen the potential for further declines in the near term.
Recommendation:
- Sell XAU/USD
- Entry: 3351
- Take Profit 1: 3344
- Take Profit 2: 3337
- Stop Loss: 3359
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
