GOLD SHORT SETUP
Updated
Looking at Gold for a probable short trade Opportunity
On weekly timeframe Price was rejected from a Supply zone aligned perfectly with the 3rd touch of an Ascending channel
on the daily time frame price formed a Head and shoulder pattern signaling a Trend reversal dropping on the 4 Hour timeframw we have Double top at the Top of the structure(HEAD) and currently looking for a Bear flag confirmation retracing the neckline for the downward momentum to be confirmed
On weekly timeframe Price was rejected from a Supply zone aligned perfectly with the 3rd touch of an Ascending channel
on the daily time frame price formed a Head and shoulder pattern signaling a Trend reversal dropping on the 4 Hour timeframw we have Double top at the Top of the structure(HEAD) and currently looking for a Bear flag confirmation retracing the neckline for the downward momentum to be confirmed
Comment
GOLD looking good I will be looking for the confirmation on the lower timeframe to go short Hope everyone caught the bullish move looking forward for the next move if price confirms
Comment
for any enquiries just shoot a DM and I will get back to you ASAP
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