My analysis shows that we might experience GOLD dropping for some short time, as we can see the trend was Bullish and making HH and HL until price formed a Double Top(reversal sign). CHoC occurred and price broke below forming a LH and LL, price is now retesting our CHoC and might continue to drop after this
Note- price tried to break above our CHoC and it rejected and is now currently at the CHoC zone, it is best to wait for a candle confirmation of bears, to see if it will reject or break above. If it rejects again then we can take that as our entry to sell as the price will be going down. Kindly follow for more technical analysis📉
Note- price tried to break above our CHoC and it rejected and is now currently at the CHoC zone, it is best to wait for a candle confirmation of bears, to see if it will reject or break above. If it rejects again then we can take that as our entry to sell as the price will be going down. Kindly follow for more technical analysis📉
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Gold didn't show any sign of rejection, therefore no entry
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