GOLD Can Turn Bearish Now, After Completing a 50% Retracement!GOLD futures analysis for Wed Jun 26th.
Price reached the -FVGand is reacting to it now.
This, after pulling back tothe 50% fib.
Should the FVG fail, Gold is bullish. This is not
supported by fundamentals, though.
As the market environment is more risk on than
off, I expect the -FVG to hold, and the retracement
of the last impulsive move down to end, and a new
bearish leg to begin.
Enjoy!
May profits be upon you.
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