Gold 4h Potential Short Confluence

🔱 Just wanted to highlight this confluence 🔱

The yellow L-MLH and white U-MLH are lining up to form a potential short setup.

Today’s selling pressure is also giving an early warning signal.

If we open and close below the white U-MLH, we’ll likely retest it before any major drop.

Shorting this move will require a decent stop, given the inherent volatility. So maybe a play with an Options Strategy would be a more secure way.

Let’s see if the party finally takes a breather.