Hello traders so gold was ranging all day on friday and formed a ugly head and shoulder figure with rsi divergence indicating a bearish breakout .
indeed before the market close the price managed to break structure and the demand zone for monday am expecting maybe a correction and a retest towards that level before a bearish continuation if the price give us a lower high in the area with a good rejection i will enter a short trade for a 2 RR
indeed before the market close the price managed to break structure and the demand zone for monday am expecting maybe a correction and a retest towards that level before a bearish continuation if the price give us a lower high in the area with a good rejection i will enter a short trade for a 2 RR
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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.