Gold has been on a correction spree now, with short term buys.
On the monthly timeframe, Gold is completely OVERSOLD.
From my analysis on the daily timeframe, the bear power is more, we'll keep selling to our poi, which is our order block at 3025-2975.
Gold needs to make a huge correction by coming down past the inducement point at 3122 before hitting the order block at that BOS.
Then we'll see if the bearish market will continue, or the bull will take power.
What do you think about this analysis?
On the monthly timeframe, Gold is completely OVERSOLD.
From my analysis on the daily timeframe, the bear power is more, we'll keep selling to our poi, which is our order block at 3025-2975.
Gold needs to make a huge correction by coming down past the inducement point at 3122 before hitting the order block at that BOS.
Then we'll see if the bearish market will continue, or the bull will take power.
What do you think about this analysis?
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.
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.