Gold is forming volume density on the resistance side which is pushing the price down. We are seeing a strong bearish trend that continues to conquer the lows
TA on the oblique timeframe: 1) Price is in a bearish channel and is aiming for the nearest strong support area in the medium term - 1809 2) Within the near term target, price may reach 1885 within a few days.
TA on the low timeframe: 1) A retest of the resistance area sends price down again 2) Support at 1909.85 is broken and a correction is forming to retest it 3) If the price consolidates below this, the market may give a good entry point for selling 4) Medium term target 1889
Best work) I am interested to see your ideas, thanks)
jpeacockfx
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Nice multiple timeframe analysis my friend, it's great to see an overall view of the market across the timeframes. Thanks for sharing your thoughts and idea!