Which trend is stronger Inner or Outer
Looking at the daily timeframe we are clearly bullish and what may seem like a large drawdown in smaller timeframes could just be price action balancing out on smaller timeframes and moving its way down the trend to retest the dynamic support. You can see where i have identified a key pivot level where we could see gold find support and momentum to break above the dynamic resistance around 1980
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Disclaimer
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.