EssiCrana

EssiCrana

Signs show that bears are still in control. The U.S Dollar showing strength in the past few weeks.

EssiCrana

Broke 1D Order block to down side also breaking extended bullish trend as well as breaking weekly support the next move came up to retest broken support but failed to break back above it. Expecting price to perhaps grab liquidity to the top side and then continue down.

EssiCrana

DXY Been trending upward lately as investors seek safe haven currencies. If the trend continues and Global equities can remain bullish, then these will act as confirmation for a continued bearish trend for Gold.

EssiCrana

Gold seems to be in a prime area for sells here on the 1H A nice strong break below the current order block would be a nice entry confirmation.

EssiCrana

Good Range For Sells, Good Confirms on the HTF as well.

EssiCrana

Will be looking for the new 1D candle to form a top wick and continue down, possible to 1827 low Will keep an eye on the DXY and the news over the weekend

EssiCrana

Gold still below some key technical levels and with the prevailing market optimism as well as remaining in its HTF bearish channel, I can see a potential continuation down. With that being said, the U.S Dollar is still very bearish and so we do have the potential to consolidate on the HTF as well.

EssiCrana

As gold failed to break previous highs, I believe we can continue playing this bearish channel.