Gold Spot / U.S. Dollar
Short

20 REASON WHY SELL GOLD

298
🤑TOP DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: structural Down
Monthly : structure extremely bear but there are lot of weakness in monthly candle patterns last month is inside bar 😲insidebar😲 current forming 👎doji😲
weekly : a big Imbalance after it prices are going down and down 🥺
so the bigger picture is not clear and in bear favor


1 Structure analysis time frame :DAILY bear ABCD
2 target time frame :DAILY
3 Current Move :IMPULSE
4 Entry Time Frame : H4
4.1 Entry TF Structure: HIGHER LOWER
4.2 entry move : IMPULSE
5 Support resistance base :H4 BEAR ORDER BLOCK\
6 FIB: WAIT TILL TRIGGER EVENT
7 candle Pattern: REVERSAL
8 Chart Pattern: TRIPPLE TOP REVERSAL
9 Volume : BIG VOLUME NEAR TO RESISTENCE EXCUTION VOLUME
10 Momentum UNCONVENTIONAL Rsi: SIDEWAYS TO BEAR
11 Volatility measure Bollinger bands: VOLATILITY DIVERGENCE
12 strength ADX: BEARS ARE IN POWER
13 Sentiment ROC: BEARISH
14 final comment : SHORT
15 : decision : SELL
16 Entry: 1675
17 Stop losel: 1685
18 Take profit: 1630
19 Risk to reward Ratio: 1:5🥰
Excepted Duration : 5 DAYS🥰

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