Gold is currently returning from a monthly zone
Previous month close with a huge rejection from the top with a long close over 50% below the previous month, that mean an inside monthly bar
price is currently consolidating on the weekly time frame
price is marking low low on the daily time frame
Price has break below the 50 EMA, price is going for a retest of the EMA
Entry will be break and retest of the trend line on 4h time frame.
Previous month close with a huge rejection from the top with a long close over 50% below the previous month, that mean an inside monthly bar
price is currently consolidating on the weekly time frame
price is marking low low on the daily time frame
Price has break below the 50 EMA, price is going for a retest of the EMA
Entry will be break and retest of the trend line on 4h time frame.
Penafian
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