GOLD No Bullish Price Action, Is It Time To Look For Sell ?

١٣ يونيو ٢٠٢٢

Hello traders:

Last 1-2 weeks ago my overall view on the lower time frame for GOLD was to wait for bullish price action to have a potential buy in short term.

Price however didn't form the continuation price action on the lower time frame for me to consider any entries.

Instead, structure/pattern can evolve, and in this case, instead of a bullish continuation on the lower time frame,
we are seeing the structure more as a bearish continuation instead now.

With the overall sharp reversal impulse down, form the all time highs, price has now form a possible continuation correction right outside the ascending structure.

Be on the look out for smaller continuation correction as the confirmation for more bearish impulse phase to push the price lower to the next swing lows.

Thank you