GOLD SHORTSWHY I AM LOOKING FOR SHORTS
There is a mitigated supply zone on the left, causing a price decline and leaving an unmitigated supply area. Liquidity has built up below this zone. After the Asian session, the price swept the highs of the Asian range and tapped into the supply area. A strong rejection suggests that the price is likely to continue downward toward the Asian lows.
FUNDAMENTAL ANALYSIS
On U.S. election day, gold prices can experience volatility due to political uncertainty and market reactions. If there's significant uncertainty over the election outcome, gold often rises as investors seek safe-haven assets. A clear result, especially one that signals stability, could lead to a dip in gold prices as risk appetite increases.
