Gold Idea
Gold have been hold on daily TF Supply area.
at the same time SNR level at 1867-1870 plays important role in reversal since Thursday and Friday.
Price have not created new Low.
Price just barely break the closing candle of weekly.
Weekly is still a buy setup.
Gold is still looking for more upward.
not looking at the year coming to ending where we are at the end of November 2021.
the probability of gold falling due to strengthen in USD is high.
the probability of gold can raise to 1900 also high as weekly and daily price still hold above 1850.
the dropped to 1845 have not show momentum yet. but the pattern presented in H4 is a reversal Head and shoulder pattern.
there is also wyckoff reversal distribution setup present in H4 below. confirmation of a strong sell will be the make of a new LL below 1820.
this is not a signal. but just analysis. of probability.
at the same time SNR level at 1867-1870 plays important role in reversal since Thursday and Friday.
Price have not created new Low.
Price just barely break the closing candle of weekly.
Weekly is still a buy setup.
Gold is still looking for more upward.
not looking at the year coming to ending where we are at the end of November 2021.
the probability of gold falling due to strengthen in USD is high.
the probability of gold can raise to 1900 also high as weekly and daily price still hold above 1850.
the dropped to 1845 have not show momentum yet. but the pattern presented in H4 is a reversal Head and shoulder pattern.
there is also wyckoff reversal distribution setup present in H4 below. confirmation of a strong sell will be the make of a new LL below 1820.
this is not a signal. but just analysis. of probability.
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.