Gold is in a bearish trend with the formation of lower lows and lower highs with another impulse towards the lower support level. The price for the shorts is at 1992. We will short at this level as the market is bearish trend with the lower low and lower high formation. 

The descending trendline might be retested at the resistance level and form a confluence for another short setup.

EMA 50 is still bearish and along with other confluence, it can also be a party to the factor.

RSI needs to be neutralized at the 50 level in order to technically align.

Gold forming bearish order block

Feb 14 2024

Stop Loss -0.30%

Holding time 19hr

1995.06

Entry price

2001.09

Stop loss price