GOLD (XAU/USD) – Week 9 – Reversal expected anytime.
Updated
In our past analysis, we predicted that Gold will have a chance to continue making new lower-lows. Last week was a complete sell-off, the price falling more than $100.
We will now wait for the bearish storm to pass as our structure is now completed. This doesn’t mean that the price won’t fall even more from here, but for now, we will not be interested in selling it. We’ll closely monitor the decision areas that are highlighted on the chart in order to see if we will get a price reaction.
We patience and discipline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
We will now wait for the bearish storm to pass as our structure is now completed. This doesn’t mean that the price won’t fall even more from here, but for now, we will not be interested in selling it. We’ll closely monitor the decision areas that are highlighted on the chart in order to see if we will get a price reaction.
We patience and discipline.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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