Gold Sells – Higher Timeframe Bearish BiasGoldOANDA:XAUUSDmoneyconceptfxPrice is showing a clear intention to the downside on the higher timeframes. It is forming lower highs on the weekly and daily charts, suggesting a potential bearish channel. There is a strong resistance level where price is failing to break, as we can see on the 4H timeframe. It is clearly unable to create impulsive moves to the upside, only breaking previous highs with wicks. This resistance is also aligned with the daily EMA, and the 20 EMA is below the 50 EMA, which further indicates bearish momentum. The 4H/1H channel was broken yesterday, and price is also aligned with the 4H EMA to the downside. Of course, this is a higher timeframe trade, so it may take 1–2 weeks to play out as expected. My job is done — now I’ll let the market do the rest