See how price reacts after third touch on the trendline.
Waiting to see when the markets open. LOOKING FOR BUY OPPORTUNITIES.
LONG TERM STRATEGY. I SEE IT DROPPING TO THE 1430-1414 REGION THEN MOVING UPWARDS. POSSIBLE INDICATORS, GOLD DOES NOT TYPICALLY HAVE LOW LOWS IN DECEMBER. SHORT TERM SELL LONG TERM BUY ONCE TRIGGERED LL'S. Feel free to comment for development purposes !
Learning how to apply S&R on this gold chart. After reviewing, I have come to the conclusion that this is forming a bearish momentum. It can either; retest at the level and bounce up temporarily or remain in the downward trend until 1400 zone.