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Gold Spot / U.S. Dollar
Short
Updated

GOLD: Update and Trading Plan

snapshot

I have a very bearish bias on gold.
last week the 4h candle closed below 1416 structure support,
determining bearish sentiment for me.

now we see a steady correction in a rising parallel channel.
I am waiting for a bearish breakout of a channel to sell the market.
Note
Breakout attempt
Note
Still trading inside the flag
Note
Market is approaching resistance
Note
Still inside the flag
Trade closed: target reached
T1 reached
Trade closed: target reached
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Chart PatternsCommoditiesdollarfuturesGoldMetalsoptionsshortTechnical AnalysistradingTrend AnalysisWave Analysis
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