GOLD retracing to 2034
Updated
Price is currently in a daily distribution phase towards 1990, and we got to 2010 yesterday where Price was pushed back by an OB.
The current movement of Price is not an impulsive move but a correction which is a reaction from the OB at 2010. I believe Price would take the NY liquidity created yesterday at 2030 and resume its downtrend.
Its safe to buy but bear in mind we are in a downtrend, so scalp only if you can.
Risk management is advised
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The current movement of Price is not an impulsive move but a correction which is a reaction from the OB at 2010. I believe Price would take the NY liquidity created yesterday at 2030 and resume its downtrend.
Its safe to buy but bear in mind we are in a downtrend, so scalp only if you can.
Risk management is advised
I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍.
Please like 👍❤ this idea 💡 if you agree, and follow me for more updates ❕❕❕
Note
SELL not active yet, Bull is still strongNote
A good zone to SELLNote
A break above the trendline and retest would be a good place to BUY to 2050
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