Gold heading Major Resistance. Daily TF shows uptrend HL,HH to major resistance. H4 & H1 suggest consolidation period after failing to break HH & HL. If price breaks support, SELL after retest If price breaks resistance, BUY after retest to Major Resistance zone price level.
1. Uptrend trendline making higher low higher high. 2. consolidation starts showing exhaustion. 3. consolidation ends with breakout below support or above resistance. 4. once breakout below happens, wait for retest and go short till next demand zone. or once breakout above happens, wait for retest and go long till next supply zone.
Trendline broken retracement made to double bottom to bounce back up to suppy zone (big players limit)