Looking at Gold for a probable short trade Opportunity
On weekly timeframe Price was rejected from a Supply zone aligned perfectly with the 3rd touch of an Ascending channel
on the daily time frame price formed a Head and shoulder pattern signaling a Trend reversal dropping on the 4 Hour timeframw we have Double top at the Top of the structure(HEAD) and currently looking for a Bear flag confirmation retracing the neckline for the downward momentum to be confirmed
On weekly timeframe Price was rejected from a Supply zone aligned perfectly with the 3rd touch of an Ascending channel
on the daily time frame price formed a Head and shoulder pattern signaling a Trend reversal dropping on the 4 Hour timeframw we have Double top at the Top of the structure(HEAD) and currently looking for a Bear flag confirmation retracing the neckline for the downward momentum to be confirmed
Kommentera:
for any enquiries just shoot a DM and I will get back to you ASAP
Hope everyone caught the bullish move looking forward for the next move if price confirms