SHORT
Gold is in a downtrend channel
a reversal to 61.8% fib level is required
a bearish candle stick as well as a double top chart pattern on H1 might be required to confirm downtrend continuation
if all that align, confluence is complete.
No high impact news todays so we are good to go.
happy trading.
a reversal to 61.8% fib level is required
a bearish candle stick as well as a double top chart pattern on H1 might be required to confirm downtrend continuation
if all that align, confluence is complete.
No high impact news todays so we are good to go.
happy trading.
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.