61845 was the HIGH
60,000 to 59,500 has the bearish liquidity side where the price is getting rejected
also from the top to lower time frame lower high i.e. 5700 we got pullback and retraced back to 0.5 of fib zone which is giving selling pressure
the nearest LTF support we have is 58735 and further downfall we can see if this level break will be upto 57650...
Gold or Nasdaq: What to Short this Week?
For Gold (XAU/USD), the 4-hour chart suggests a neutral-to-bearish stance. While the pair is currently above its moving averages, the 50-day moving average is closely trailing its price. The Relative Strength Index (RSI) is dropping towards a neutral level, indicating a potential pause in buyer activity. If Gold drops...
Gold Powerful 1:3 Trade
= Down Trend
= breaking their Support
= Price below the 200 EMA
= Positibe news For USD Coming soon (Bad for Gold)
= Proper Price action
sell gold 59800-830 sl small sl 59886 tgt 710--628 yes gap looking to fill take chance for sell with sl mkt cme gold spot looks also 1970-67$ near expect
