Gold looks bearish to me on the 20-minute chart. Price has failed to hold above the recent resistance area and is now trading below the short-term support, showing that sellers are starting to take control. If this bearish momentum continues, I'm expecting a move toward the 4,032.1 support zone. A strong recovery back above the recent lower high would invalidate this bearish setup, so I'll manage my risk and let the market confirm the next direction.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.