after 40 mins the 4 hours candle will close and if it closed under the trend line thats could be a price action on 4 hours candle , you can add on it there is a divergence on 4 hours as you can see , add on it if the monthly candle closed under 1987 ( which is a very important level ) thats a good indications to start the bearish phase and close the GAP @ 1840-1832 . lets way the 4 hour candle and we can take this opportunity as SELL . SL and TP is on the chart , please take care and calculate the lot , as its hard to predict the geopolitical situations
Comment:
head and shoulders pattern is activated , some people might think of taking another position in this area after the breaking of 1969 while we can either see that the geopolitical situations now is little bet low so that make the gold fall down .
Trade active:
as it shown today the prices have been reached the 1933 , now i assume that the price will keep falling down and if it breaks 1909 it will visit the 1800's back again , put it in mind that any news or geopolitical situations might take the prices up back again to the 2000's,
Trade closed: stop reached:
SL after TP 1
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