The Short term bearish
BEARISH SIGN:
1.GOLD had reached the year high 1356. 90% chance to retrace is confirmed.
2.With H4 time frame, the price is breakout the trend channel, if open 1 hour time frame, Gold trying to get in the uptrend channel , but fail.
3.Daily bar close under 1348 support, and show bearish pin bar.
4. Refer to 27 March 2018, same situation happening.
5. DAILY DOUBLE TOP WILL BE FORMED SOON!
Next Monday without news, without trump tweet, the Gold should follow technical running. I can confirm, the gold at least drop to 1330 area on the day.
1.GOLD had reached the year high 1356. 90% chance to retrace is confirmed.
2.With H4 time frame, the price is breakout the trend channel, if open 1 hour time frame, Gold trying to get in the uptrend channel , but fail.
3.Daily bar close under 1348 support, and show bearish pin bar.
4. Refer to 27 March 2018, same situation happening.
5. DAILY DOUBLE TOP WILL BE FORMED SOON!
Next Monday without news, without trump tweet, the Gold should follow technical running. I can confirm, the gold at least drop to 1330 area on the day.
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