Gold Pullback
All the key levels are marked and analysis is given on what the Gold market could do before moving lower.
Current Zone: Consolidating between 2645 - 2663 indicating a large move is about to occur.
Upper Retracement: Indicates where price is likely to move towards (2693 +- 5) prior to its downside movement.
I expect the whole opportunity is going to take place over the next 8 days. With the final take profit price being around 2613 (+-5)
**An example of how price could move has been drawn in. However the major things to look out for are any price action indications e.g lower highs at the retracement before taking a short.**
Currently in a long position awaiting confirmation to flip.
Current Zone: Consolidating between 2645 - 2663 indicating a large move is about to occur.
Upper Retracement: Indicates where price is likely to move towards (2693 +- 5) prior to its downside movement.
I expect the whole opportunity is going to take place over the next 8 days. With the final take profit price being around 2613 (+-5)
**An example of how price could move has been drawn in. However the major things to look out for are any price action indications e.g lower highs at the retracement before taking a short.**
Currently in a long position awaiting confirmation to flip.
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