Gold has been continuing to create multiple entry and exit points as continuing to flow in a downtrend consolidating range.
Blue lines showed an uptrend which was broken on 13th April. The
2 red lines indicate that gold has been moving in a parallel range downwards also the
moving average 200 purple line acts as a resistance along with the 2 red lines.
Green lines indicate a strong downtrend support created currently as it had been moving within such range as it shows downtrend triangle. The
black bubbles indicate counter trend position opportunities to enter the market for profit and
red bubbles indicate a breakout from trend position to enter the market for profit.