Gold showing a fast decline due to US and China talks and the Dollar strengthening.
1H Morning Star Formation
4H Pin Bar
Overall if Daily can close above this we may still be in a uptrend.
Two very similar structures appearing with a potential short!
BE EXTREMELY CAUTIOUS. THESE ARE ONLY IDEAS AND NOT A SIGNAL
I have entered the trade and waiting for this to play out
I think that as the market opens, we will see a slight increase in price followed by a slow downward trend. This will lead to Fridays short term support of 1338.53 being tested and if we see this support broken, price will most likely retreat to the 1330-1334 range (light blue box).
Following this the market could either reverse and gain momentum, heading...
