GOLD 1HR Outlook & Short oppotunity
MONTHLY it looks to be in a channel. On our WEEKLY its bouncing off the top of our Monthly channel forming a DIVERGENCE, will look to be BEARISH on here. Down to our DAILY we see our MM Structure Peak high, aligned with a divergence confirming the end of a trend. On our 4HR we see price consolidating beneath our Supply zone, so no reason to buy untill zone is broken. This is currently the 1HR and how I currently see it breaking out.
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.