Big chance of more bearish price action near term.
Gold is following a ascending channel since early 2019. Channel lines sometimes bounce all over the chart, that's why I used a very strange modified Pitchfork, but in essential it's the same as channel.
Entry @ 1660
Stop @ 1681
Target @ 1625
4-hour Chart
Broke below support and rejected of confluence area.
Intraday Chart
Possible framework to trade from on a intraday basis. Schiff pitchfork drawn on 1-hour chart.
Entry @ 1660
Stop @ 1681
Target @ 1625
4-hour Chart
Broke below support and rejected of confluence area.
Intraday Chart
Possible framework to trade from on a intraday basis. Schiff pitchfork drawn on 1-hour chart.
