Gold in Bear Play

As Recession fears increase, and inflation rises, more and more Central Banks are increasing their rates. As the US Fed boosts the dollar, this will put a downward pressure on gold.

The ban on Russian gold has given a temporary respite to the price of gold which will momentarily go towards 1850 before heading down towards 1800.

The movement is following a typical Wykoff price action play.

Choppy side price action indicates that bears are still at play.

My trade: Short Gold.

My TP1: 1810, with further TPs further below.