hey traders,
after reaching 1440 level we see a clear weakening bullish momentum on gold.
with consequent lower highs and rsi divergence, I anticipate a formation of a descending triangle
with the sequence of new lower highs.
many times bears will push the market to 1380 structure support and most likely we will see a bearish breakout
with bullish trend violation.
if I see a bearish breakout I will follow a trading plan that I have recently posted.
just check the related ideas.
good luck
Note
Seems like we will see a bearish leg down to support 
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.