NikaJourney

Bearish Trendline Respected What About The Bullish CounterTrend

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is still technically in a downtrend overall according to the daily timeframe. It rejected off the trendline for the 4th time last week, so we may possibly break the monthly to continue to swing sell.

I've created a pullback trendline underneath to wait for a bullish continuation, or a break of the BULL trendline as additional confirmation of the bearish trend.

BEAR TPS:
• 1760.25
• 1750.37
• 1741.66
• 1726.44

]b]BULL TPS:
• 1772.14
• 1781.97
• 1793.93
• 1800.75
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