The previous supply zone failed to hold price on 1H time frame. And if the second zone at 1963.11 on the 1H time frame is respected, we can wait for confirmations on lower times frames and maybe look for a market structure shift.
Note: This could be a short term downtrend.
Note: This could be a short term downtrend.
Note
The zone was finally respectedNote
Gold is now on a bearish move!Note
I may drop to 1937.72
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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.