We are seeing price respecting a type of ascending triangle and near to creating a double top pattern on a key resistance & supply area.
My favorite position is still bearish on the longer term for GOLD. I would like to see a double bottom near 1170.00s
Keep an eye on a current resistance; if there is a bearish engulfing candle at 4H, it could be a sell signal.
Best of luck!
Felipe.
__
My favorite position is still bearish on the longer term for GOLD. I would like to see a double bottom near 1170.00s
Keep an eye on a current resistance; if there is a bearish engulfing candle at 4H, it could be a sell signal.
Best of luck!
Felipe.
__