Looking at the charts, gold has been trading in a bearish descending trend channel, and the exponential moving average is are crossed, Given these factors, I believe that shorting gold could be a good trade.
Trade chiuso: obiettivo raggiunto:
the analyze was on point perfectly it may appears that it hit the tp but it didn't because after the market opened the price made a little gap at the opening above the previous trend channel in green, as you can see the two first candles but they didn't close above the tp, then the price headed exactly to the target.