2020/21 BEARISH MOVE

Dec 30, 2020

Gold has been forming HIGHs which have been consistently broken to form HIGHER HIGH,but now it has formed a lower high which might be an indication that sellers are starting to accumulate orders from the bank.However,to justify further there is a formation of double top pattern(also known as Ms formation).Basing this also on supply and demand,there is a rejection on the supply zone on H4 timeframe.This trade will be valid when the strong support t.line is broken.Where will the sell run end?It will end when we reach the lower t.line(Green) but before reaching there...there will be consolidation phase around the middle t.line(red).