The 4-hour structure of global gold has turned bearish, and after the structural break, as expected, we observed a pullback to higher levels. Currently, the price has entered an important price zone, and if it is not influenced by specific news, we can expect a price reversal from this range and see further decline. Therefore, depending on the trading style you follow, after observing a trigger, you can enter sell trades.
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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.