We can see that multiple timeframes are aligning for a possible short on gold. We just need gold to break and close below the neckline on a daily chart. If it breaks we can dive down to smaller timeframe and find good entry with nice risk to reward! If you have any questions on the analysis ,or if you want to see the whole analysis on monthly and weekly. Just ask in the comments:-)
Note
It seems like we are going to get a close belove the neckline. So join my telegram if you wanne see the 4h analysis.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.