#GOLD H1. Is a new Pullback coming?

By looking at 'Bar 1' on the chart, we see that the buyers are probably exhausted. The volume is large, and the result does not correspond to it. It could be a sign of buyer's weakness. Anyway, the buyers still can't pass the resistance level, so I'll try to sell with small SL. Good risk-reward ratio.

Comment:

The sellers still have time, about 11 hours according to Hurst cycles. Well, this is just a theory, but in my case it should be correct (I predicted 4 weeks already with good correlation, but the cycle could end at any moment).

Don't forget to move your stop loss.