More decline on the way ?!?
Keep it simple! People thinking too much about next month gold .Here’s the shorter view.
>> Daily timeframe higher lows in a Descending channel
>>Weekly MACD overbought
>> Monthly formed a doji after a three months rally !!! Price can’t go higher leaving a long wicks upside.
>>2335-2340 Holing up strongly.
>>Cot data not showing any signs for the direction
>>Pivot points are descending from previous weeks.
>>Multi-time frame bearish patterns are forming across 4hrs , daily , weekly , monthly .
>> Remember the dead cat too fake breakout-out 2345 to 2368 then clean decline to 2295 now shorter rally .
Expecting a short upto the golden zone .
>> Daily timeframe higher lows in a Descending channel
>>Weekly MACD overbought
>> Monthly formed a doji after a three months rally !!! Price can’t go higher leaving a long wicks upside.
>>2335-2340 Holing up strongly.
>>Cot data not showing any signs for the direction
>>Pivot points are descending from previous weeks.
>>Multi-time frame bearish patterns are forming across 4hrs , daily , weekly , monthly .
>> Remember the dead cat too fake breakout-out 2345 to 2368 then clean decline to 2295 now shorter rally .
Expecting a short upto the golden zone .
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