TheSignalyst

GOLD waiting to sell after a break below the last swing

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
on WEEKLY: GOLD is sitting around a supply zone in green so we will be looking for objective sell setups on lower timeframes.

on M30: GOLD formed an objective trendline in red, so we are waiting for a momentum candle close below its last swing to sell.

we also have a regular bearish divergence adding more confluence to our setup.

as usual, until the sell setup is activated, we would be overall bullish on GOLD.

This analysis is done using RichTL
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst

Best CFD broker
cutt.ly/TickmillReal
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.