Gold is in an area which i see as resistance(supply) which is a 2013 swing to downside,previously it was support(demand)
my bias longterm on Gold could be bearish, i am observing how steep the trendlines on lower timeframe H4 are and i believe this momentum may not sustain for a while and gold will need to drop,also my bearish bias could be confirmed if we close back inside the dailly resitance(supply) we broke last week
also i have taken notice of an ellliot wave trade setup i saw which could be a abcde pattern
my bias longterm on Gold could be bearish, i am observing how steep the trendlines on lower timeframe H4 are and i believe this momentum may not sustain for a while and gold will need to drop,also my bearish bias could be confirmed if we close back inside the dailly resitance(supply) we broke last week
also i have taken notice of an ellliot wave trade setup i saw which could be a abcde pattern
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