as it has been discussed earlier, gold has reached a strong resistance area. we see a perfect match between a horizontal daily structure and a major falling trend line.
identified daily resistance cluster matches with a resistance line of a rising parallel channel on 4H.
on hourly time frame, the price is forming a head and shoulders pattern. 1915.5 is its neckline. I want to see 1H candle close below that to initiate short.
goals: 1906.9 1901.0
in case of a new higher high higher close above the head level on hourly, setup will be invalid.