Gold is repeating patterns since 2020 especially August 2020 to March 2021 - ping-ponging within descending channels with bear flags, tops in oversold RSI followed by negative SMA crosses, bearish divergences, and MACD bearish crosses and weak pullbacks that can't get past the 0 level and ending with another bearish cross. There is no bullish divergence that might suggest it not going below 1700 like in November 2021.
Be careful with fake-outs and retests like that bear flag in Oct - Nov 2020. Those are stop loss hunts, liquidity grabs or whatever you wanna call them.
Be careful with fake-outs and retests like that bear flag in Oct - Nov 2020. Those are stop loss hunts, liquidity grabs or whatever you wanna call them.