1307 WKP1 GOLD holding sideways before dropping hard
Hello traders,
Gold actually went sideways last week between 1680-1740. You can find it on 4h chart that it is now breaking the trend line already and showing some bearish signal on 4h chart to drop.
It looks like a H&S on 4h chart too.
On weekly chart, there is a support above the middle band of BB. But it actually rising up with RSI lowering down. This is a trap for sellers. GOLD might drop down by the 4h selling signal or rising up again by the support of BB.
We suggest you guys trade on 4h chart that sell to next support and found a new support as entry signal to follow the possbile unfinished trend on weekly chart.
Good luck!!!
LESS IS MORE!
Gold actually went sideways last week between 1680-1740. You can find it on 4h chart that it is now breaking the trend line already and showing some bearish signal on 4h chart to drop.
It looks like a H&S on 4h chart too.
On weekly chart, there is a support above the middle band of BB. But it actually rising up with RSI lowering down. This is a trap for sellers. GOLD might drop down by the 4h selling signal or rising up again by the support of BB.
We suggest you guys trade on 4h chart that sell to next support and found a new support as entry signal to follow the possbile unfinished trend on weekly chart.
Good luck!!!
LESS IS MORE!
