Gold appears to be respecting a falling trend line on a 4H time frame.
A strong bearish pattern seems to be emerging. The price has formed a cup and handle pattern and is currently testing its neckline.
The next confirmation for a bearish trend is to watch for a breakout. A 4-hour candle closing below the 3620 level would validate the breakout.
Subsequently, a bearish reversal could be anticipated, potentially leading towards the next support level.
A strong bearish pattern seems to be emerging. The price has formed a cup and handle pattern and is currently testing its neckline.
The next confirmation for a bearish trend is to watch for a breakout. A 4-hour candle closing below the 3620 level would validate the breakout.
Subsequently, a bearish reversal could be anticipated, potentially leading towards the next support level.
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