![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiELUfeiVs68W5HhIjO5JlLvLBe816yXTpyYykxntlEN_f56bTc47YRSh03xnWTQnfpvyy7apTZ2QiasuUaAq3JUWOuVASd7fruBuxdOFixvACavfs9IqHyMxoWEO3XYNczVr45uCmgkYE/s640/gold+pattern+evening.png)
- Gold 4 hour chart shows price continues to trade below the cloud. Price sold off as it neared the cloud.
- 50 Period SMA acted as strong resistance as well. There were 3 Bullish attempts which failed at this moving average.
- Now for a sudden bounce to happen price must get back into the pattern shown in 3rd chart.
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