I would expect from a technical aspect for gold to fall in price - we are contesting a high timeframe resistance level which also doubles as a market structure 'lower high' and for this to be claimed with confidence I would personally like to see a strong Daily candle close below 1875 to confirm a downtrend continuation. With this I would also like to see some...
On this pair we can see that it is currently range bound and coming to a close for the trading week. We can see on multiple timeframes that the range is respected as of now, with the major support levels around the 127.6 region, and minor resistance around the 128.1 region. The idea for this trade is a simple break and buy concept during the Asian or the NY...
