A change in trend Gold
From a 4hrs timeframe you could see that the previous High to out a high before dropping that is to say, the previous High is valid for a reaction or a possible level for a reversal to the downside.
From a 1hr timeframe price have already broken a trendline which also signifies a change in trend
From a 1hr timeframe price have already broken a trendline which also signifies a change in trend
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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.