So here we have the beginnings of a double top pattern on the 4 hour time frame for Gold - thanks Fib Retracement
If price falls to 1196 and breaks below strongly enough, a short would be a good position to take.
Additionally, I'll be watching DXY 4h and daily time frames for bullish indication.
(DXY and Gold are inverses of each other)
If price falls to 1196 and breaks below strongly enough, a short would be a good position to take.
Additionally, I'll be watching DXY 4h and daily time frames for bullish indication.
(DXY and Gold are inverses of each other)
Commento:
Fell below double top support/neckline, but 4h will close above it. Waiting for actual confirmation rather than bias.
Commento:
There we go
