XAU/USD Downside Retest?

٧ فبراير ٢٠٢٢

Looking at Gold (4H chart), we can spot a beautiful retest to the broken ascending formation at around the $1,821 area. Not breaking above this area could be a great opportunity to short Gold for a retest towards the $1,792 critical zone. If gold manages to go down and break below $1,790, we may see a continuation for more downside towards the beginning of the broken ascending channel at around $1,762.

Make sure to manage your risk properly. Good luck!