GOLD - Is History Repeating Itself ⁉️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

After rejecting the 2080 resistance, GOLD has been overall bearish trading inside the falling channel in red and it is currently retesting the upper bound / trendline.

Moreover, the zone 1980 is a strong resistance.

🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper blue trendline acting as a non-horizontal resistance.

As per my trading style:
As GOLD approaches the "3" zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

For the bulls to kick in and invalidate the bearish scenario, we need a break above the blue resistance.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich