Gold has hit its SR monthly line and rejected off it, also rejected off the trend line going in the downwards direction, also rejected off the quarter theory. Hoping for a big fall in gold!
As we can see we have 4 confirmations for a sell, 2 rejections off both pitchforks , rejection off the quarter theory and also its on a downwards trend underneath the 62 EMA
Looking to go short with Gold, we have the 2 touches on the trend line going downwards and also have a strong push in the downwards direction, we will also look to wait and see if it Breaks through the support line and retests.
