Gold had an impact of war overall and as we were in sell trend gold has suddenly change its direction upwards now as i speak in top down anylisis scenario i would speak 🗣️
Monthly time frame
On Monthly time frame we are seeing a strong resistance level on gold
Weekly time frame
Also on weekly time frame we had a resistance on this level its a significant level
Daily Timeframe
On daily timeframe we can see gold has formed a bearish candle stivk pattren which is inverted hammer pattern and also gold is on its significant level of resistance of daily too the
Confluence
Is about all sell gold but still as war has an impact fundamentals will override technincal aspect so we are a bit confused on gold as market is too if escalation goes on gold will go buy if there goes a cease fire then we can sell gold
Monthly time frame
On Monthly time frame we are seeing a strong resistance level on gold
Weekly time frame
Also on weekly time frame we had a resistance on this level its a significant level
Daily Timeframe
On daily timeframe we can see gold has formed a bearish candle stivk pattren which is inverted hammer pattern and also gold is on its significant level of resistance of daily too the
Confluence
Is about all sell gold but still as war has an impact fundamentals will override technincal aspect so we are a bit confused on gold as market is too if escalation goes on gold will go buy if there goes a cease fire then we can sell gold