Gold has been in a bearish wave for a month and we might be near the end of that wave. Price looks to be in a descending channel which is often a reversal pattern.
At the moment we are looking for continued shorts to the major trending that has been in place since 2019. On the smaller timeframe, watch for the ascending trendline in the channel to break and enter on the break with stop loss above the channel.
Goodluck and trade safe!
At the moment we are looking for continued shorts to the major trending that has been in place since 2019. On the smaller timeframe, watch for the ascending trendline in the channel to break and enter on the break with stop loss above the channel.
Goodluck and trade safe!
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