Gold - GOLD

Gold is trading on the D1 frame in a bullish general trend. And on the H4 frame in a minor ascending channel as shown in the diagram above. Gold is preparing to make a negative correction after the failure of the past two days, and it has crossed and closed above the daily trend that represents resistance to the yellow metal. We are waiting for the correction to reach the levels of 1716 as a first target and then 1675 as a second target while maintaining a stop loss above 1773. Traders are advised to enter short positions currently at the market price with a stop loss above 1773. Hence the confirmation of selling by breaking the ascending sub channel on H4

General trend: down below the daily trend