Monthly
Gold has gone parabolic and could drop to test the 20 MA.
Shooting Star forming.
Stochastic in the overbought area.
Weekly
Next Demand zone to test is around 1700.
Again price has gone parabolic and looks like an inverted V - formation is pending.
Bearish Candle formed at the overbought area on stochastic.
Daily
Safe short trade to 1795.57
4 Hour
Lower High formed and 20 and 50 MAs broken.
My personal opinion on gold.👍
Gold has gone parabolic and could drop to test the 20 MA.
Shooting Star forming.
Stochastic in the overbought area.
Weekly
Next Demand zone to test is around 1700.
Again price has gone parabolic and looks like an inverted V - formation is pending.
Bearish Candle formed at the overbought area on stochastic.
Daily
Safe short trade to 1795.57
4 Hour
Lower High formed and 20 and 50 MAs broken.
My personal opinion on gold.👍