Gold has made a new high on Monday. And sellers did not want to give up. Or we can say the pressure line rejected gold again. All those fake breakingthrough might suggest a new grand super swing heading south might start this week.
On 4h chart, we are looking for the entry to that new swing. Might be 1740-1760.
Good luck on finding this trade entry. LESS IS MORE!
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If there is any chance that gold might want to rise up to 1770-1800 again, we prefer it goes like this way.
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A correction down to 1730 first and make 5 waves up to 1770-1800.