9-6-2020 - Tuesday - 4H Gold - Bearish
Following yesterday Monday session, price has retraced off its low at 1680 level and edge higher towards Institutional Level 1700 where it currently resides.
Price has previously made a new LH followed with an EMA Cross with Wide Declining EMA 14 that has now started going Flat.
For now, I'll expect price to continue retrace higher towards 1705 region where it has confluence with the Institutional Level, 4H EMA 20 and the Fib 70.5 Level.
Bias = Bearish
Structure = Corrective to 1705
Setup = 4H EMA C FB
Price has previously made a new LH followed with an EMA Cross with Wide Declining EMA 14 that has now started going Flat.
For now, I'll expect price to continue retrace higher towards 1705 region where it has confluence with the Institutional Level, 4H EMA 20 and the Fib 70.5 Level.
Bias = Bearish
Structure = Corrective to 1705
Setup = 4H EMA C FB
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