issagalore
@t_issagalore
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issagalore
Gold turn to respect a red path I previosly published on the 3rd of Jan 2024, We have broken the blue trend line and respecting the green one which gives us a clear signal to go short/sell. Broken trend must be tested it is therefor when we can have a smooth bearish momentum, this short position is highly supported by HEAD & SHOULDER setup being currently formed. Moving forward with short position we have unclear movement on 1864.62 level which should be traced back to be filled thats when we can have a complete HEAD & SHOULDER pattern.
issagalore
I think we might have a drop down Gold we have unfilled gap that appears between 6 Oct 2023 and 8 Oct 2023 we also having head and shoulder formation which is curretly happening, Also if we take a look on weekly timeframe we have inverted hammer and 3 rising formation on our major supply level. If this week candle close up bearish covering those 3 weeks rising candle we are going for major sell.
issagalore
The price has refused to go up has lost the bullish momentum it retraces the bullish impulse 4h time frame.
issagalore
The chart of Gold has tested the down trend with false break outs but has failed to go up it looses its momentum of bullish so we going short.
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