gold has been in a range for the past 5 6 days from a strong bearish push previous, with that in mind im expecting gold to continue its momentum to the downside. however the price that gold decides to roll over from is where i wil be keeping a close eye on, 1795 for me looks a good area to get in but keeping in mind 1800 handle to snatch liquidity then dip hopefully to the 1735-1725 area, BIG MOVES EXPECTED
Note
so gold decided to sore through the 1800 mark but are top level in chart is still in play, price may come down to test this area of resistance turned support to now carry its push higher we had a strong rejection on 2 4hr candles last touch, maybe changing my bias on this one but i will be waiting before i take anymore trades on gold as i still think it can break this and come back down as originally expected. currently in a 2% loss on gold
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.