Hello friends.
I saw a three top pattern in 1D chart and a bearish divergence included too.
after the 3rd time price touch 2050 Resistance level , we can see in picture below ,
Buyers couldnt lead price upper and Sellers came in strongly.
So , as you can see in Zoomed Chart , we have a Bearish Engulfing pattern there and
in the main chart , we see a...
In the weekly period, gold is reaching a very important resistance point, if it cannot cross it and there is a correction, we will face a 3 top3 pattern.
However, in terms of waves, we are in the fourth wave, and if we break the previous ceiling, we will enter an upward trend