gold scenario next week

approaching weekly descending channel, trend still intact but in a small pause.
i'm looking for a break of the green channel to target 100 MA on daily chart.
for possible alert area for a reverse look at price in the red square.

note that 10MA on daily is still intact
rii on 4h still above 50.

Comment:

today some bearish signal on 4h just before US open, let's see what happens

Comment:

4h sell signal confirmed. that's intraday small tp till 205. long term trend still up

Comment:

last 4h comment on 4h was correct, now the price on DAILY is below short MA 5/10. so caution as the price is approaching the reverse area and the uptrend could change direction

Comment:

waiting the US session...looks very bearish. main level is 1195.7 (last daily higher low and lower range last weekly channel). below that a new downtrend could start.
eyes on behavior of price at US open.

Trade closed: target reached:

trend terminated, new channel downside forming. i'll update a new downtrend trading on daily. nice trip up 70/80 dollars. let's see now how far the donated will go.
trade well