GOLD Downtrend Continues as Long as Higher TF Show Bearish Trend

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

Amidst Low volatility, the solution is to drop to lower TFs and trade the trend. Gold is performing slightly better in terms of ATR, but it’s still slow.

1465-70 Zone might show fresh sellers as the price is still bearish. Multiple points of confluence suggest bearish moves as W H3 serves as intermim resistance. A rejection from the 1465-70 aims for 1456 and 1449. Only above 1480. Gold will become neutral to bullish and above 1500 it will switch to uptrend.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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