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Money_hunters
Dec 5, 2022 10:41 AM

Waiting for 1780 and 1760 Short

GOLD (US$/OZ)TVC

Description

Hello
I hope you have used and benefited from the previous analysis

Gold has formed an interesting situation in the 4-hour time frame, which indicates the downward trend in the future.
After reaching the resistance of 1810, the price formed an evening star and a new ceiling and moved up to 1797. After that we see a negative divergence. which indicates the continuation of the downward trend. We can expect 1780 and 1760 in the near future.

Comment

Update...

Trade closed: target reached

First tp hit! and my sell position was closed with +260 pips.
Comments
CryptoKing7_
Very clear analysis
Money_hunters
@CryptoKing7_, Thank you
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