hello
we are now in channel resistance so keep eyes on gold it can reverses write now ,
be aware even if breakout this channel it can be a fake breakout in order to squeese prompt sellers
good luck
as you can see after the breakout we're waiting for the retest and go long we have an harmonic Bullish Bat + resistance become support + the gold is always safe for investers good luck!
Eventually first small sign of divergence:
It bounced on the weekly trend line
Made a small ABC correction
Is trying to close above 15 min current downtrend channel
And there is a divergence on 30min chart.
After 20 min if it can close a 4H candle here, I'll look for buy
Looking at the daily chart and assuming my wave count is correct, seems gold has not completed its 5th wave.
The current place is the perfect place to go for the 5th wave and test the previous low at the same time (look at the images below)
