Gold 4h Potential Short Confluence🔱 Just wanted to highlight this confluence 🔱
The yellow L-MLH and white U-MLH are lining up to form a potential short setup.
Today’s selling pressure is also giving an early warning signal.
If we open and close below the white U-MLH, we’ll likely retest it before any major drop.
Shorting this move will require a decent stop, given the inherent volatility. So maybe a play with an Options Strategy would be a more secure way.
Let’s see if the party finally takes a breather.
