Gold sell
On the 17th of January, the selling breach successfully overcame the buying momentum. The breached area holds significance for buyers as, for the significant buyer trend since December, it needed to form a higher low (HL) and subsequently make a higher high (HH). Given the difficulty in achieving a higher high, I am inclined to assume that the higher timeframe buying trend has concluded, and a new selling trend has initiated.
The target area for selling is the last region breached by the sellers. This area holds strategic importance as it signifies a shift in market dynamics and aligns with the assumption that the buyer's previous trend has concluded.
The target area for selling is the last region breached by the sellers. This area holds strategic importance as it signifies a shift in market dynamics and aligns with the assumption that the buyer's previous trend has concluded.
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