Gold / Japanese YenShort
XAU JPY: Currently under selling pressure, various T-Frames
https://www.tradingview.com/x/3LE4SfxR/
XAU JPY currently is under selling pressure due to a Double-top on the daily/weekly time-frames. But there is also a current Head 'n' Shoulders Sell pattern on intraday time-frames, 2HR mostly. Also, on the 2HR EMA's squeezing tightly together, serving to send price lower if anything, plus a massive rising wedge on 2HR which XAU JPY looks to be about to fall out of.
Momentum Oscillators in the right-side chart point to downwards price-action.
There is also XAU USD which continues to wind back in price after testing the 20/21EMA multiple times on the Daily, but it continues to slip downwards.
XAU JPY currently is under selling pressure due to a Double-top on the daily/weekly time-frames. But there is also a current Head 'n' Shoulders Sell pattern on intraday time-frames, 2HR mostly. Also, on the 2HR EMA's squeezing tightly together, serving to send price lower if anything, plus a massive rising wedge on 2HR which XAU JPY looks to be about to fall out of.
Momentum Oscillators in the right-side chart point to downwards price-action.
There is also XAU USD which continues to wind back in price after testing the 20/21EMA multiple times on the Daily, but it continues to slip downwards.
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Disclaimer
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.