As gold has given a very nice long trade and now as it has moved to its destination an H4 Resistance as confluence other confluance is moving average 50 which could also been seen to move gold towards sell also the confluence is parallel channel which indicates us a bearish flag pattern which is also an indication that gold can go down as news is also expected which has a highly impacted data of FOMC so u should keep an eye on that factor and gaurd your capital
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.