Gold is struggling
Weekly:
Bearish engulfing & multiple rejections at 1320 key level.
Daily:
MA very close to cross over EMA & Strong bearish candlestick pattern suggesting further downside.
4H:
Moving averages crossed over, trend line broken, went lower and retested 1295 but formed a three pin pattern and closed with a bearish candle formation.
Therefore, I am bearish for Gold and looking for further downside to at least 1280 as that's also a major key level.
I am not a professional so please watch price action before trading. If you like my ideas , follow me for more updates. Cheers
Bearish engulfing & multiple rejections at 1320 key level.
Daily:
MA very close to cross over EMA & Strong bearish candlestick pattern suggesting further downside.
4H:
Moving averages crossed over, trend line broken, went lower and retested 1295 but formed a three pin pattern and closed with a bearish candle formation.
Therefore, I am bearish for Gold and looking for further downside to at least 1280 as that's also a major key level.
I am not a professional so please watch price action before trading. If you like my ideas , follow me for more updates. Cheers
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