Gold is reaching the strong upside resistance in 5 waves
On the Gold daily chart, we can see that the instrument has reached a strong upside 1335 resistance in 5 waves. Although there are no price action signs of a reversal lower look for a reaction from the 1340-1345 zone (if reached) and search for the short trade entries in the case of a reversal price action later today. Invalidation of the short-term reversal lower from here only in the case of a daily close above the 1340 level.
Note: look for the short trade entries with the stop loss above 1345 level.
