The last leg
Friday saw us approach golds all time high. But was narrowly missed due to price action hitting and reacting from the daily and 4 hr supply zone. Gold could be seeing the last leg formed the last lower low. Before all new highs. As we stand gold closed just above the small support of 2770. A breakdown this and we have clean candle range down on higher time frames that left imbalance to collect. Along with a wickless candle at 2762. I expect a push down to 2755 to 2750 area before another attempt to take out the highs and create an all new high. Or further retracement may see a change in character.
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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.