GOLD SHORT - 4h chart
Updated
GOLD has systematically been in a clear downtrend.
As shown, it has broken multiple supports and is heading toward another support.
- Bars pattern shows that it is moving in correlation to the previous support breaks
Next target is at the 1550 price level, toward the support trendline, unless a break of the resistance line confirms a reversal.
As shown, it has broken multiple supports and is heading toward another support.
- Bars pattern shows that it is moving in correlation to the previous support breaks
Next target is at the 1550 price level, toward the support trendline, unless a break of the resistance line confirms a reversal.
Trade active
As expected. Gold bounced from the support .Nice progress so far
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