Monthly:
Price is ranging between Monthly Support and Resistance zones.
We can see it did reject of the resistance level and made a bearish run.
Weekly:
Gold is trending and shows a lot of turn around levels.
Perfect price action setups.
Price rejected of the current support with a bounce and found momentum quickly.
Daily:
Price broke previous support
Looking for a pullback to retest new resistance
Wait for spike on neckline TL
Finding more sellers
Target will be our 1260 area.
4H:
Wait for entries and clear rejection on this time frame.
Price is ranging between Monthly Support and Resistance zones.
We can see it did reject of the resistance level and made a bearish run.
Weekly:
Gold is trending and shows a lot of turn around levels.
Perfect price action setups.
Price rejected of the current support with a bounce and found momentum quickly.
Daily:
Price broke previous support
Looking for a pullback to retest new resistance
Wait for spike on neckline TL
Finding more sellers
Target will be our 1260 area.
4H:
Wait for entries and clear rejection on this time frame.