GOLD waiting for the sell setup to form

2020年6月24日

on WEEKLY: GOLD is sitting around a supply zone in green so we will be looking for objective sell setups on lower timeframes.

on M30: GOLD is forming a channel in red, but our lower red trendline is not valid yet, so we are waiting for a third swing to form around it to consider it valid and enter on its break downward.

We also have a regular bearish divergence adding more confluence to our sell setup.