Traders, Gold found strength last week to move higher but be careful. As I posted on May 8th, this can be a fake breakout. All signs on gold are still bearish. In this top down analysis I present all those factors. 1. Monthly W patterns 2. Weekly W pattern 3. Daily Double/Triple top 4. Daily RSI divergence 5. 4H W pattern.
If you found this useful hit the like button, subscribe to my channel and share this with other traders. Comment on the videos to let me know what you think of them. Have a great trading week!
P.S. (This is for education only. Not a financial advice or signal.)