As you can see in the graphic, gold may be confirming its downward´s movement. That can be an option, but I will be looking for a buy until it reaches 1492 aprox., then we will have to wait till it breaks the support (now resistance). If it does breaks it, then it´s a buy. If it doesn´t, it may be a sell till 1460. Please leave your thoughts XAUUSD
Note
Forgot to add, this same pattern confirms in 1hr period, 4hr period, 1 day period
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.