From what I’m seeing price is seemingly fatigued. There was a credible break on the 4H chart though - which is low-key worrying, HOWEVER on the daily chart? Sweeps on sweeps - which to me certify that price will be seeking a reversal of some sort at some point.
Once one of the printed lows gets violated by price (as drawn on the chart - with a candlestick) the sell will be confirmed.
I had a potential trade with actually played out nicely but I didn’t enter it, which I’m cool about as I wasn’t sure.
I won’t be trading Gold until I actually get confirmation.
Once one of the printed lows gets violated by price (as drawn on the chart - with a candlestick) the sell will be confirmed.
I had a potential trade with actually played out nicely but I didn’t enter it, which I’m cool about as I wasn’t sure.
I won’t be trading Gold until I actually get confirmation.
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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.