Here we have a potenzial long opportunity on the weeklt chart. Now the price of the gold is around an important level that has been felt by the cross in the past (I've marked these events). So we are going to check how the candle will close.
Comment:
If the candle will close down enough the trend line it will be considered a breakout so it probably will continue to be short.
Comment:
If it closes under the trend line where it is now, it's automatically under the resistence I've marked so I see it short.
Trade closed: target reached