on WEEKLY: GOLD is sitting around a supply zone in green so we will be looking for objective sell setups on lower timeframes.
on M30: GOLD is forming a channel in red, but our lower red trendline is not valid yet, so we are waiting for a third swing to form around it to consider it valid and enter on its break downward.
We also have a regular bearish divergence adding more confluence to our sell setup.
on M30: GOLD is forming a channel in red, but our lower red trendline is not valid yet, so we are waiting for a third swing to form around it to consider it valid and enter on its break downward.
We also have a regular bearish divergence adding more confluence to our sell setup.
This analysis is done using RichTL
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www.RichTL.com
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www.t.me/thesignalyst
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