+【1/3 Gold GOLD】(59)
1/3 Gold GOLD
From entry to settlement.
Continuing from the previous, it will be a gold trade.
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As environmental recognition,
1-hour chart: from the previous rally, there was a full retracement followed by a decline. A situation where the rise after an initial uptick is denied by a subsequent fall.
The retracement is being pressured where it is held by the 1-hour MA.
15-minute chart: range defense boxed in white. It is starting to resemble a head-and-shoulders; if it breaks lower here, it will cause a lower-timeframe reversal, and given the prior rise followed by a fall that denied further upside, it may pull in long positions for liquidation.
4-hour chart: if it drops, there is space down to the white line on the lower side. There might be a correction aiming to fill the space around the yellow circle.
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Entry screen ↓