Gold – 4 hr – context from slope analysis is telling us everything we needed to know here

Right on cue: gold (as we flagged) has found resistance at prior support on the uptrending slope (generating bearish context) and now seems to be abiding a fresh slope to the downside with validation at the upper parallel (see arrows) on the 20 minute chart. Gold looking quite bearish here and poised for weakness…

As always, seeing this context in the form of slopes (and not the horizontal) is THE KEY to trading big moves before they happen… contrarian trading like this, by definition, is the only way to consistently beat the market in any vehicle – especially gold.

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