OUTLOOK FOR GOLD
Updated
I am generally bearish for gold for the week.
Both Daily and 4 Hour timeframes are in a downtrend.
1 Hour timeframe has had it's uptrend broken but I expect price to sweep the highs and grab liquidity around the order block at 1969 (which is also a resistance in the 4 hour timeframe) and then rally down to the swing low of at least 1914.
Both Daily and 4 Hour timeframes are in a downtrend.
1 Hour timeframe has had it's uptrend broken but I expect price to sweep the highs and grab liquidity around the order block at 1969 (which is also a resistance in the 4 hour timeframe) and then rally down to the swing low of at least 1914.
Comment
Adjusting SL to 1977
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