XAU JPY: Currently under selling pressure, various T-Frames
https://www.tradingview.com/x/3LE4SfxR/
XAU JPY currently is under selling pressure due to a Double-top on the daily/weekly time-frames. But there is also a current Head 'n' Shoulders Sell pattern on intraday time-frames, 2HR mostly. Also, on the 2HR EMA's squeezing tightly together, serving to send price lower if anything, plus a massive rising wedge on 2HR which XAU JPY looks to be about to fall out of.
Momentum Oscillators in the right-side chart point to downwards price-action.
There is also XAU USD which continues to wind back in price after testing the 20/21EMA multiple times on the Daily, but it continues to slip downwards.
XAU JPY currently is under selling pressure due to a Double-top on the daily/weekly time-frames. But there is also a current Head 'n' Shoulders Sell pattern on intraday time-frames, 2HR mostly. Also, on the 2HR EMA's squeezing tightly together, serving to send price lower if anything, plus a massive rising wedge on 2HR which XAU JPY looks to be about to fall out of.
Momentum Oscillators in the right-side chart point to downwards price-action.
There is also XAU USD which continues to wind back in price after testing the 20/21EMA multiple times on the Daily, but it continues to slip downwards.
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