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We are seeing the strength of buys decreasing and basically sell volume increasing, additionally we see a convergence backed up with the Relative Strength Index.If we look only to Technicals gold needs to cool down and take a breather.TP: 2635Entry Above 2650
Gold going down to get some liquidity swing idea.Gold will be going down for the coming days weeks as it got a hard reject on 1D, make sure to vheck the 4h and 1h trend before entering any positions be good with your entries.Take profit 1 fully HIT.Take profit 2 almost HIT.Took profit on my full position around 2358.Trade done 600-700Pip movement.
Gold is in a bearish downtrend and has to cool off before heading to the higher numbers, possible short incoming give it room to breath upwards and you will make some dough on the short term keep in mind I am bullish gold long term.As we can see gold stayed within the triangle, we can take a buy position if gold bounces of the triangle pattern upwards breaking the structure.GO SHORT if it accepts the triangle structure and gives a red dildo candle
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