Gold is currently testing a solid horizontal daily key level. After it was reached, the price started to consolidate within a narrow horizontal range on 1H time frame.
To short with a confirmation, I would suggest waiting for a breakout of the support of the range. An hourly candle close below will confirm the violation. A bearish continuation will be expected to 1961 level then.
If the price sets a new higher high, the setup will become invalid.
❤️Please, support my work with like, thank you!❤️
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.