QO1! Gold moving sideways in short-term trending downwards

Gold (Mini) FuturesCOMEX

Description

⋅ May 4, 2021 5:15 PM

Ranging downward in the long-term trend. Consolidation in the short-term. Wait for breakout at the lower price levels.
Long-Term = bearish. Short-Mid Term = Neutral
Wait for a break-out between the range to enter into the trade.

Comment

⋅ May 4, 2021 5:18 PM

Wait for price to cross 26 MA for bullish signal

Comments

Rockqet

⋅ Jul 1, 2022 10:26 AM

great analysis! we have the same bearish view, check it out