seems gold is still correcting wave 2
looking to trade wave C down and trading with the bigger trend.
technical confluence:
4h :
divergence between a/c
shrinking candles to the 100% level
some price action ( shooting star, rejection candles, engulfing candle, etc)
spike down
1h:
new structure forming
break of LL
break of the trend line
ema's crossover
stops; previous HH
looking to trade wave C down and trading with the bigger trend.
technical confluence:
4h :
divergence between a/c
shrinking candles to the 100% level
some price action ( shooting star, rejection candles, engulfing candle, etc)
spike down
1h:
new structure forming
break of LL
break of the trend line
ema's crossover
stops; previous HH