week43 Gold D1 shooting star Ready to resume downtrend

D1
week43 gold D1 trappedtraders shooting star 261015

Month to month, Gold has been on a downtrend, with lower highs and lower lows being made.

Price is currently resisted by a trendline, with the confluence being created by the top of an ed channel.

This results in the formation of a bearflag, and suggests that price is poised to resume the downtrend.

Last friday, a trappedtrader signal was also printed in the form of a shooting star. This gave the oppoturnity to start loading up on short positions at the top of the resistance confluence.

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