GOLD is setting for big drop!!
Updated
Hello traders,
Below is my idea on GOLD and how we can trade.
GOLD 4H has broken out of local triangular bearish price action after a liquidity grab at the top multiple times creating a series of lower highs. As the long-term trend is bearish, with a previous weekly bearish engulfer, the price is highly likely will continue to drop to and a sell trade on the retest of previous support as resistance is highly probable.
Press the like button if you find value in this analysis : )
Below is my idea on GOLD and how we can trade.
GOLD 4H has broken out of local triangular bearish price action after a liquidity grab at the top multiple times creating a series of lower highs. As the long-term trend is bearish, with a previous weekly bearish engulfer, the price is highly likely will continue to drop to and a sell trade on the retest of previous support as resistance is highly probable.
Press the like button if you find value in this analysis : )
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