Gold Possible Next Move?
After an aggressive move that saw Gold pushed aggressively to the down side, now it's showing a sign of relief to the upside. I'm not going to take a buy position for now as price already left my buying zone, so I'm more inclined towards selling Gold when it comes to the zones that I marked. Based on 15m chart, there's still an imbalance that must be cleared before price reverses or resumes on its current trend. The current trend on 4H chart is in downtrend, so I am more biased towards selling until I get confirmation that price already reverses, then we're going to look for new zones to trade the trend. As usual, this is not a financial advice, tell me what you guys think about this, and always do your own research first whether this outlook suits you or not. Have a great week ahead and hopefully this outlook can help. Cheers!
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