Gold had formed a W formation and moved upward quite a bit, it has created a pull back with the current bearish candle that has a nice wick.
It is also on a support, which evidence of the continuous bearish pattern on the left.
Entry at this point would be good in order to have a smaller stop loss.
It is also on a support, which evidence of the continuous bearish pattern on the left.
Entry at this point would be good in order to have a smaller stop loss.
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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.