we going down... it could touch 1365 it could touch 1350 or more... until the fed meeting at end of july maybe turn into bullish trend again or still bear trend to test the bullish flag support
i really like this chart very much, the market really respect the chart and weekly trendline very much from there we could see 3 step scenario 1. 2 or more weekly candle would retest the new support line soon (around 135x -136x) 2. that 2 or more red candle would change bullish macd into bearish macd 3. after that we back to side way trend with macd showed...
better make it simple the gold moving inside fib channel with down trend if break up then bullish trend
maybe stuck at 20 area
review resistance and support + reminder h4 still bullish...
Starting from 5 hour ago h1 surprisingly turned out to bullish trend Now h4 bullish too with gold break out last resistance We enter bullish flag now...
moment of truth will it break 1396 or retest 1386 again before break up 1396
if break up = almost bull if break down = almost bear when break up / break down would retest the trend line again