Gold preaparing for a bearish move?
Gold is still in an overall bearish move, stuck in a descending channel. last week we closed with a strong bullish to the the trendline resistance. This upper trendline of the descending channel coincide with an order block responsible for a break of structure the previous week plus a 3rd touch. that gives us good confluence for a beautiful sell opportunity. We wait for a reversal candlestick to enter for a sell.
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.