Expecting some Short Term Sell on XAUUSD

Apr 28

When I look at the price action of gold in an HTF, I see an extremely aggressive bullish trend in gold. But as I delve deeper into MTFs and LTFs, I see some reversal structures in gold that drive the price lower. A lower LTF impulse move and a bearish continuation corrective structure are what I have identified, and I see another confluence supporting the bearish signal. a bearish rising wedge in a flag pattern that is abruptly broken to the downside, followed by a continuation correction pattern inside the flag pattern. In the absence of a new structure emerging in the price, I continue to predict a bearish move.