at resistance 4h printed a rejection. price went to 1313 yesterday, but retraced to around 1318, before continuing down to where it is now. on D, it looked fine. For swinging, may be a better idea to follow the larger time frame. This is one example of when it works.
I expect a higher low to be formed on D. Wait for a HL then enter on confirmation.
Wait for it to retrace higher then short again upon confirmation. Downtrend is confirmed upon the creation of a lower high.
Weekly rejected since 2 wks ago. Now looking at the 3rd week of falling gold prices - will it happen? D might pull back to a higher price region before turning back down. Global risks coming back into play to push gold up? Possible downtrend. watch for a lower high to form before taking a short position.
Pullback into support before continuing up. the way ahead looks clear, and CAD is weak.
risky, weekly looks like it hit resistance. As of this moment, uptrend is still intact. When a lower high is created, we're out of the uptrend. Smaller TF downtrend not confirmed yet, but if this level holds, maybe the TP needs to be smaller.