DislikedGold Possible Scenario Gold is consolidating below the 5200-5220 resistance zone. Although price is making higher lows with trendline support buying momentum is weak near resistance. Price is supported by an ascending trendline but upside momentum is weak near resistance. This suggests a range to rejection scenario where buyers are struggling to break above supply while sellers are active near the highs. Trade Plan Sell Setup Sell Zone: 5200-5220 Trigger: H1 rejection, bearish candle close from resistance Targets: 5150, 5120, 5080 Invalidation:...Ignored
Keep It Simple
3