Hello traders,
Below is my idea on GOLD and how we can trade.
GOLD 4H has broken out of local triangular bearish price action after a liquidity grab at the top multiple times creating a series of lower highs. As the long-term trend is bearish, with a previous weekly bearish engulfer, the price is highly likely will continue to drop to and a sell trade on the retest of previous support as resistance is highly probable.
Press the like button if you find value in this analysis : )
Below is my idea on GOLD and how we can trade.
GOLD 4H has broken out of local triangular bearish price action after a liquidity grab at the top multiple times creating a series of lower highs. As the long-term trend is bearish, with a previous weekly bearish engulfer, the price is highly likely will continue to drop to and a sell trade on the retest of previous support as resistance is highly probable.
Press the like button if you find value in this analysis : )
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