On using the weekly resistance area from 1760-1764 , based on weekly daily and 4hrs time frame, gold still has a down trend, you could use only this idea when 4hrs candle doesn't break the resistance level, also divergence appears on the RSA14 which indicates more downtrend.
invalidity: 4hrs candle breaks resistance line
invalidity: 4hrs candle breaks resistance line
Note
hit SL
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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.