Gold Spot / U.S. DollarUpdated Bearish Gold ( Expected 240 pips down)
Confluences:
1- Price is moving below EMA 200 and 50.
2- Price was moving in liquidity area.
3 - Strong bearish engulfing candle (Price action).
4 - The primary trend at daily chart also is bearish bias.
5 - There is a pattern similar to Head and shoulder and price already has broken the ascending line.
** It is expected to Re-test the line and resuming its bearish move.
1- Price is moving below EMA 200 and 50.
2- Price was moving in liquidity area.
3 - Strong bearish engulfing candle (Price action).
4 - The primary trend at daily chart also is bearish bias.
5 - There is a pattern similar to Head and shoulder and price already has broken the ascending line.
** It is expected to Re-test the line and resuming its bearish move.
Note
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