Gold to break 1922 EMA200
On H4, gold found support at EMA200 bounced up shortly. The trend in H4 is still in the Kumo, but the dead cross already happened, and the downtrend may continue.
H1 is already in a downtrend with short-term retracement (Kijun, Tenkan, Senko span A/B pointing downward).
MACD platinum is below zero, which might make this a bit risky to trade. RSI is in the sell zone (below 50), and ADX, DI- is still strong in both H1 & H4.
So, let's look for the chance to sell this once the retracement is over.
H1 is already in a downtrend with short-term retracement (Kijun, Tenkan, Senko span A/B pointing downward).
MACD platinum is below zero, which might make this a bit risky to trade. RSI is in the sell zone (below 50), and ADX, DI- is still strong in both H1 & H4.
So, let's look for the chance to sell this once the retracement is over.
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