Gold is currently in a range, and its making its way to the bottom of the range, before the close of the week market grabbed liquidity and its making a bullish move to the 61% of the move downwards, which is also confluence as price saw a swift rejection around that area in the past, signifying strong resistance at that area, on the account that market rejects that area, price should create a lower low in the range, grabbing liquidity off the inducement below the range and buy up to the top of the range
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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.