#XAUUSD
Gold broke straight through the key support level at 3950 tonight!
If it fails to reclaim 3950 within the next one or two business days, that will mean gold is entering the middle-to-late stages of a bear market. The next target for gold will be the 3400–3300 range!
In recent market reviews, I’ve kept saying that the broader trend for gold is clearly bearish, so I’ve also been telling everyone to look for opportunities to go short!
Gold broke below 3950 on a sharp surge in trading volume tonight, and I immediately guided members of my group into short positions around 3940! 🤣
X: print_kbar
Gold broke straight through the key support level at 3950 tonight!
If it fails to reclaim 3950 within the next one or two business days, that will mean gold is entering the middle-to-late stages of a bear market. The next target for gold will be the 3400–3300 range!
In recent market reviews, I’ve kept saying that the broader trend for gold is clearly bearish, so I’ve also been telling everyone to look for opportunities to go short!
Gold broke below 3950 on a sharp surge in trading volume tonight, and I immediately guided members of my group into short positions around 3940! 🤣
X: print_kbar
