XAUUSD - GOLD waiting for our trigger to sell
on WEEKLY: GOLD is sitting around a strong supply zone in green and round number 1800 so we will be looking for objective sell setups on lower timeframes.
on H1: GOLD is trading inside our red channel so we are overall bullish from a short-term perspective, but we will be looking for sell setups as price is sitting around resistance.
we are waiting for a momentum candle close below the last swing that forms around our lower red trendline to sell this one.
moreover, we have a regular bearish divergence adding more confluence to our sell setup.
on H1: GOLD is trading inside our red channel so we are overall bullish from a short-term perspective, but we will be looking for sell setups as price is sitting around resistance.
we are waiting for a momentum candle close below the last swing that forms around our lower red trendline to sell this one.
moreover, we have a regular bearish divergence adding more confluence to our sell setup.