Gold-short
GOLD ANALYSIS. LOOKING TO SHORT!Hello Traders
Currently we are forming subwave 4 in our bearish motive.
We are expecting price to reverse at our 0.618 fibonacci level now as we can see a trendline and our DAILY EMA here.
We are also expecting price not to surpass our wave 4 invalidation box which is where we will place SL's.
GOLD Is Bearish! Short!
Hello,Friends!
Indecision in the market is changing
Towards a well defined bearish sentiment
And the price action on the lower timeframes
Is clearly supporting this narratve
Therefore, I think it is a goodidea to go short!
Like and subscribe and comment my ideas if you enjoy them!
Gold Double Top formed on 4hrGold has broken major supports, it has also come up to test support, making it a resistance after 2 failures to break above the marked zone.. We could go down to 1660, if we break this level price should drop more to further zones of support. The daily stick is also showing a retest at resistance for a sell