shorting opportunity on gold

٢٠ أغسطس ٢٠٢٣

Price action on gold clearly still has bearish intention. Price broke structure to the downside on the 4hr and has just pulled back into the premium area of the range. While in the premium area on the 15min Timeframe, price took liquidity and broke structure to signal the overall bearish continuation.

summary of confluence:

• 4hr bearish
  

• 15 minute bearish