GOLD: One More Wave Down?

after gold set lower high on 4h and dropped to a demand zone 1523 -1527,
for me, it was enough to look for a short trade on 4H.

I am paying close attention to an orange demand zone and wait for a bearish breakout of it
to short.
if breakout condition is met,
we can execute the trade:
T1 - 1512
T2 - 1500


IF the market respects the support and sets new higher high, higher close, the setup will be invalid.

Commentaire:

Bulls were rejected one more time!
Very good signal for all who short :)