Price has shown clear rejection at 1904 which is yesterday's high and it has made several attempts to close above it today which were unsuccessful thereby leaving a pinbar on the 1hr TF.
Reasons I am selling GOLD
1. Multiple rejection on a zone plus yesterday's high
2. Pinbar on 1hr signifying sell
3. DXY has shown strength since yesterday and it's creating new highs
4. EU and GU have made new lows which correlates with USD strength
Suggestions
Look for selling opportunities below 1905 towards 1893. Overall trend is bullish, this is just a temporary pullback
Please keep SL tight, and Risk Management is advised
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Reasons I am selling GOLD
1. Multiple rejection on a zone plus yesterday's high
2. Pinbar on 1hr signifying sell
3. DXY has shown strength since yesterday and it's creating new highs
4. EU and GU have made new lows which correlates with USD strength
Suggestions
Look for selling opportunities below 1905 towards 1893. Overall trend is bullish, this is just a temporary pullback
Please keep SL tight, and Risk Management is advised
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
