I have two options for analyzing the movement of GOLD.
The first option is that the price is in a bearish channel and is trying to retest the trendline before finally going down to the SnD area.
Or maybe the second option is that the price is in a sideways trend, where the price will move up to the resistance, if the blue box resistance is indeed responded positively, then the price should go back down.
sometimes we are placed in several choices, when this happens we should still wait for confirmation in the form of patterns, candles or maybe indicators, after there is confirmation we can react better.
The first option is that the price is in a bearish channel and is trying to retest the trendline before finally going down to the SnD area.
Or maybe the second option is that the price is in a sideways trend, where the price will move up to the resistance, if the blue box resistance is indeed responded positively, then the price should go back down.
sometimes we are placed in several choices, when this happens we should still wait for confirmation in the form of patterns, candles or maybe indicators, after there is confirmation we can react better.