- 1H buyers momentum slowing down and having a hard time breaking 1211. price area
- Lower time frames 5/15/30 as well showing exhaustion in buyers. 5 Minute timeframe looks like a double top and showing no signs of HH forming which is signs of market transition.
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This is just my analysis on this pair not a signal and gold is bullish but looking to get in on a intraday sell if it presents itself.