More decline on the way ?!?
Keep it simple! People thinking too much about next month gold .Here’s the shorter view.
>> Daily timeframe higher lows in a Descending channel
>>Weekly MACD overbought
>> Monthly formed a doji after a three months rally !!! Price can’t go higher leaving a long wicks upside.
>>2335-2340 Holing up strongly.
>>Cot data not showing any signs for the direction
>>Pivot points are descending from previous weeks.
>>Multi-time frame bearish patterns are forming across 4hrs , daily , weekly , monthly .
>> Remember the dead cat too fake breakout-out 2345 to 2368 then clean decline to 2295 now shorter rally .
Expecting a short upto the golden zone .
>> Daily timeframe higher lows in a Descending channel
>>Weekly MACD overbought
>> Monthly formed a doji after a three months rally !!! Price can’t go higher leaving a long wicks upside.
>>2335-2340 Holing up strongly.
>>Cot data not showing any signs for the direction
>>Pivot points are descending from previous weeks.
>>Multi-time frame bearish patterns are forming across 4hrs , daily , weekly , monthly .
>> Remember the dead cat too fake breakout-out 2345 to 2368 then clean decline to 2295 now shorter rally .
Expecting a short upto the golden zone .
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.