Gold continues to show clear bearish intent on the 2H timeframe, with price failing to reclaim the Kijun Sen, reinforcing downside pressure.
Key Observations:
• Price already trading below the cloud indicating bearishness
• Kijun Reclaim Failure → Strong sign of bearish trend continuation
• Bearish Future Kumo → Confirms forward weakness
• Free Chikou Span → No immediate support, allowing downside expansion
As long as price action stays below the 150923 invalidation level on 2H closing basis,
it can continue to interact with the lower reference levels at 148,350 -> 147,550 -> 146,750
Key Observations:
• Price already trading below the cloud indicating bearishness
• Kijun Reclaim Failure → Strong sign of bearish trend continuation
• Bearish Future Kumo → Confirms forward weakness
• Free Chikou Span → No immediate support, allowing downside expansion
As long as price action stays below the 150923 invalidation level on 2H closing basis,
it can continue to interact with the lower reference levels at 148,350 -> 147,550 -> 146,750
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.