XAUUSD, 4hr tf, bearish scenario

2021年7月20日

Possible scenario for XAUUSD.
Price going up inside this channel and the recent drops on Friday confirm a break below the support.

It looks like XAUUSD making a bearish flag or possible rising wedge. If it plays out as bearish flag, the drop on XAUUSD gonna be massive.

This upwards movement is a retest of broken trendline.
We could see XAUUSD continue decline further.

Sell XAUUSD 1815
Stop loss 1825
Take profit 1750 (6.5R)

Use only 1-2% risk
Good luck