Seems like the price is been rejected on an area of multiple confluences
what i see here is an area where the price seems to be rejected and starts to slow down the strong impulse it just had looking for sells here but always considering th possibility for it to go up
Gold just reached the are it has not been able to surpass in the las 3 or 4 years i dont expect to go down imeditaly but it will probably give a good sell in case it does not we will eventually get a big move here so ill be paying close attention to gold for the next weeks
Market has been moving up so lets wait for a pull back to take us till the next area however it is showing signals of a retracement in major time-frames thats something to pay close attention
Dont get me wrong this isnt a down trend i consider it a pullback most of us have been looking for short positions and probably also lost some money, thats a part of the game, now i think we are finding a strong aptrend formation but as always lets wait for the moves