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BASIS OF ANALYSIS: 1- DOW Theory 2- Candlestick Patterns

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Price has created a new Higher Higher followed by a pullback creating a new Lower Low. The new LL created is followed by Three White Solders which is a bullish indication and an Entry point for a Buy trade.

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Price action had broken the last Lower High LH by creating a new Higher High HH which indicates a possible reversal scenario. There for after pullback we can expect a move up. If the instrument is able to create a new Higher Low HL we can Enter the trade coupled with confirmation of the candlestick pattern.

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Gold price action has broken the last HL by creating a new LL which is an indication that the bears might take charge in the short run.

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Patterns analyzed for direction using Dow Theory Analysis Period: August 2021 to date

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Series of Lower Highs , Lower Lows I expect the price to move lower.

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Series of Lower Highs and Lower Lows. So I expect it to move further lower.