GOLD TA 24-28 APR 2023
Gold goes sideways from last week trading as expected after the bull are fighting for the bear once again due to strong bearish momentum. Based on Ichimoku Cloud, based and conversion line are on the brink of crossing each which is bad for the BULL, bullish trader need to overcome this to maintain at least a sideway trend, Monday trading will be critical, if breaks the 1970 level we might be heading to the 1950 level. For the first 12 hours I will be neutral and I will make a move once the line intersects , if not I will continue to BUY in the 1970 -1975 level. But if it cross I will be selling betwen 1995-2000 level and see another drop (sometimes it become immediate, it might happen in a 15min TF). Will update this after monday trading (24 APRIL).
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