Gold Channel - bounce below Cloud
Gold on the intraday chart is forming a Downtrending Channel.
Price is below the Kumo and has just tested and bounced off this resistance area, which is confluent to the Downtrend Line.
Looking price to move to bottom and test the Channel line , below 2470.
The RSI is occupying most of its time in the sell zone.
The bias is short presently
Price is below the Kumo and has just tested and bounced off this resistance area, which is confluent to the Downtrend Line.
Looking price to move to bottom and test the Channel line , below 2470.
The RSI is occupying most of its time in the sell zone.
The bias is short presently
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