I like this formation. The Bearish Falling 3. Now, I think, if this definitely will be the case, then today it should still form the last positive candle and then tomorrow, maybe, we should see some good signs of weakness.
Gold has also formed a bearish formation on the Daily and we know, that these like to walk closely with each other.
So my view is more for the downside, if not today, then maybe tomorrow. But on Friday, we'll have to be very careful with this, as NFPs might mess it up a bit.
I might be wrong, but at the moment everything looks like that. Let's wait for today's closing candle.
As always, keep an eye on the price action!
Gold has also formed a bearish formation on the Daily and we know, that these like to walk closely with each other.
So my view is more for the downside, if not today, then maybe tomorrow. But on Friday, we'll have to be very careful with this, as NFPs might mess it up a bit.
I might be wrong, but at the moment everything looks like that. Let's wait for today's closing candle.
As always, keep an eye on the price action!