gold 20.10.22
price has been bearish on the higher timeframes and we have been waiting for bearish opportunities. we saw price retesting our previous breakout on the weekly timeframe with a successful rejection. last weeks candle was an engulfing candle which pushes this weeks price lower. our daily candle closed as a strong bearish candle which is good confirmation and from here as long as no h4 candle closes above 1636. we should see price push lower. our first target is 1616. from there if price breaks the low, you can collect as it pushes lower. make no mistake, no buying!
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