Gold Falling?

30 ביוני 2022

Gold's structure has been bearish on the daily TF as well as here on the 4h TF. Here you can see a series of LH's being created along with some bullish exhaustion ( wicks to the upside), and also my moving averages indicating bearish pressure. there is a trend line support area that was tested during yesterdays activities. extra confirmation to sell would be a close below that trend line and if that happens I'm projecting price to go down to about 1788.00 area. My bias is overall bearish. at the moment, there's not much indicating a bullish market here on gold