Hey to all of you, I hope to have a good trading week.
On weekly chart of Gold we see an open and close of the candle of previous week with rejection formation. Also, I select Short strategy because the key level of 1334.30 works like supply level, indeed the traders in this level sell the gold.
On daily we can see the Higher lower formation with the short term trend line, works like resistance and support when needed. We expect retest the trend resistance, maybe again false break on daily or weekly and then continuation of down trend, with the gamblers put money in it is different,
On weekly chart of Gold we see an open and close of the candle of previous week with rejection formation. Also, I select Short strategy because the key level of 1334.30 works like supply level, indeed the traders in this level sell the gold.
On daily we can see the Higher lower formation with the short term trend line, works like resistance and support when needed. We expect retest the trend resistance, maybe again false break on daily or weekly and then continuation of down trend, with the gamblers put money in it is different,
