Yesterday I entered a short as Gold broke below the trendline. After a good run, price had a small breather, retracing back up to the downwards trendline and also roughly confluent with previous S/R zone, before selling off again.
We now have a bearish engulfing signal at the confluence zone, showing the sellers have acknowledged the level.
We now have a bearish engulfing signal at the confluence zone, showing the sellers have acknowledged the level.
