Gold is about to cross the 1900 mark. Here we have a potential short opportunity at resistance of 1910. There is some kind of Elliot wave counting reinforcing it.
there is formation of head and shoulders pattern in 4H timeframe. The neckline is also support that has been tested multiple times. As support is tested many time it gets weaken. Close below support could lead to a good shorting opportunity.
gold had supply zone in 1960 area. it has a good resistance turn support in 1920 area. recently had a double top in 1950 area. expected to be in range before any momentum move.
there was successive lower highs.There was a break in trendline, support which lead to bearish momentum. In first instance it looked like a bullish pattern but the lower high differentiated it.
