DesharedPierreJr.

Gold is still very bearish Intraday and Majorly

Kort
OANDA:XAUUSD   Guld / USA-dollar
Gold is still completing a Double Top from a daily perspective. The Daily is forming a lower low. The 4H timeframe is also creating lower lows and lower highs which tells me that intraday is a sell as well. I believe the momentum is bearish and now is the time to capitalize on shorting opportunities such as this one. The 1h created a clear very strong lower low breakout. There's an area of interest on the back of a broken Daily Trendline. I'll be monitoring the 1hour as well as the 30min chart for shorting opportunities. Targets for this short is the next Daily support level which happens to be just above a weekly support.

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