Gold is looking bearish today because of multiple bearish signals at the entry point. And it is forming a possible lower high on a 1hr time frame.
Bearish Signals:
1. Lower High Lower Lows
2. Bearish Trendline
3. Resistance at 1650 & 1660
4. 0.786 Fib resistance
5. Divergence On multiple TFs
Bearish Signals:
1. Lower High Lower Lows
2. Bearish Trendline
3. Resistance at 1650 & 1660
4. 0.786 Fib resistance
5. Divergence On multiple TFs