Gold had its second consecutive day of price decline after the news Employment Cost Index q/q and CB Consumer Confidence were announced.
The H1 gold price push down has broken through the accumulation price range above to go down, but has not created a new low price bottom and broken the latest bottom, so it has not created a downtrend. With the current downward pressure on prices, H1 gold can wait for a rebound to sell. If the price is pushed up to the old peak, it is a sign that H1 gold is stronger again, then you can wait to buy.
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Yesterday's down bar D1 covered the previous down bar D1 to form a bearish outside bar model - the price bar surrounding the downtrend - showing good downward pressure.
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Today there will be two important news: ADP Nonfarm and PMI