1h
Gold in 1hIn the 1 hour time frame, gold is completely in a bearish channel and the specified limits are gold supports to go back up.
As you can see in the chart, gold reacts every time it hits support / resistance lines.
GBPJPY Analysis 1HA clear 3 point downtrend line I’d expect buyers to come in at the break of.
The 2 previous supply levels (horizontal green lines) look very strong I wouldn’t be surprised to see rejection at these levels.
A strong break of 166 I would turn bullish.
Overall market looks to consolidate between 162 and 168 for awhile