TVC:GOLD   CFDs on Gold (US$ / OZ)
D1 - Price broke above the dynamic resistance. Bearish divergence.

Also it looks like the price is creating a potential special cycle and currently it looks like the middle leg is completing itself.

Hence we may now look for possible pullbacks and continuation higher.

H1 - If the price moves lower, breaks and holds below the bottom of the range, we may then start looking for aggressive sells with more bearish evidences.

If you want to be more conservative then wait for the price to break and hold below the last low, we may then start looking for sells with more bearish evidences.

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.