This is an update to my previous chart, I appreciate the last one wasn't that informative so I've done a bit more reading and i believe this one paints a better picture :)
Price is heading down on the 1h chart and there is divergence spotted on the 4hr as well as the higher TFs
The highlighted red zone is strong support for GOLD but once its broken its a freefall to the lowest of the lows - price may spike back up but if a sell is placed once price has broken support then you can just ride it all the way to the floor
Let me know your thoughts, any feedback is appreciated as we are always trying to get better
Price is heading down on the 1h chart and there is divergence spotted on the 4hr as well as the higher TFs
The highlighted red zone is strong support for GOLD but once its broken its a freefall to the lowest of the lows - price may spike back up but if a sell is placed once price has broken support then you can just ride it all the way to the floor
Let me know your thoughts, any feedback is appreciated as we are always trying to get better