Gold BREAKDOWN-SELLS

Gold BREAKDOWN-SELLS

Gold is currently trending bearish. Price broke and closed below structure at 1978 on the 4H TF. If the next 4H candle respects the structure broken as resistance, price can continue bearish to the bottom of the range at 1965.50

1. Previous level of resistance
2. Price broke and closed below structure
3. If price rejects this level and begins to break the lows, price can continue bearish to fill the wick

Price is currently bearish and can drop below to retest 1965.5