1HR TF: Price is respecting an ascending trendline = Possible breakout to the downside = Shorting Gold
15MIN TF: Price seems to be in a rising wedge formation = possible break to the downside
5MIN TF: Double top formation, with price retracting area.
With these confluences showing a possible bearish move I would hypothesize that price will break the area and reverse in a bearish direction.
Happy Trading!
15MIN TF: Price seems to be in a rising wedge formation = possible break to the downside
5MIN TF: Double top formation, with price retracting area.
With these confluences showing a possible bearish move I would hypothesize that price will break the area and reverse in a bearish direction.
Happy Trading!