GOLD waiting to sell after a break below the last swing
on WEEKLY: GOLD is sitting around a supply zone in green so we will be looking for objective sell setups on lower timeframes.
on M30: GOLD formed an objective trendline in red, so we are waiting for a momentum candle close below its last swing to sell.
we also have a regular bearish divergence adding more confluence to our setup.
as usual, until the sell setup is activated, we would be overall bullish on GOLD.
on M30: GOLD formed an objective trendline in red, so we are waiting for a momentum candle close below its last swing to sell.
we also have a regular bearish divergence adding more confluence to our setup.
as usual, until the sell setup is activated, we would be overall bullish on GOLD.
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