Gold bearish start
-> Gold has been in a very strong bullish movement, mostly due to the conflict in the EU. However the price is hitting Weekly and daily resistance zones, and it has moved impulsively from it.
-> On the 4H time frame market has formed an ascending channel and broke out, on the LTF another ascending channel was formed and broke indicating that further downside is to come.
-> With that said, I will be looking for another correction continuation pattern before I get into a trade.
-> On the 4H time frame market has formed an ascending channel and broke out, on the LTF another ascending channel was formed and broke indicating that further downside is to come.
-> With that said, I will be looking for another correction continuation pattern before I get into a trade.
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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.