The current H4 is still running and if the H4 closes with the candle shape like now, it will form a bearish Big Belt Candlestick pattern - reacting immediately to the important price resistance zone of $3,386. Showing that the downtrend will still be maintained. Note, it is necessary to wait for the current H4 to close before making a judgment. However, assuming the bearish Big Belt Candlestick pattern is formed, the price scenario is likely to continue to decline, especially with the strong trend characteristics of Gold, the probability of this price scenario occurring is extremely high. At that time, Gold is likely to extend its downward momentum to continue towards $3,353 in Asia and early Europe, the Short strategy will be activated according to the pullback rhythm around the range of $3,361 - $3,363 with STP 9 prices and the price target towards $3,340 - $3,337 - 3,320
On the other hand, if Gold recovers around this $3,361 price level (low probability), you can look for a Short opportunity around the $3,374/$3,376 range according to the false-break. Because this is the newly created supply zone and also the highest price point of the 6th trading day. The reference STP is $3,386 and the price target is similar to the above.
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