Gold is keep moving down as CPI numbr show higher probability of higher interest rate already next week, i still do not like sale Gold here so i would buy a break and retest of the wedge or a bounce at around 1670 if it break down ; first resistance is 1697 that is DO and than 1710 that is MO , Gold is clearly bearish but we are inside an important liquidity zone so a bounce cuould happened any time and the wedge could play out, pay attention to get confirmation prior entering the trade as buy is counter trend
Order cancelled
Gold did not bounce at 1670, will wait prior entering a long position as the 4H candle looks terrible, looking to see some sort of support forming out of this pullback
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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.