Gold currently on a 4h POI (Supply zone), just waiting for Choch on 15 minds to confirm trend continuation so we continue selling and target 4h swing low....Long term sell
Gold has been on a range for the last 1 day and has currently broken out of the range, expected to heat higher timeframe POI then continue with the bearish move to to take out the 4hr swing low
Currently gold is moving on a short term buy while heading into a supply zone after which it will continue with the overall sell trend
Gold has a BOS @ 1900.714 and 1892.201 hence possible retest on either of the zones. furthermore the presence of FVG would facilitate the uptrend before the metal drops. Look for long sell on Gold after retest
Gold has finally hit 1908.354 zone, a break on the zone will further push the metal to 1919.128. Wait for break and retest.
The yellow metal is on a strong uptrend with a break of structure at 1892.629 with retest at the zone. The metal will continue with the uptrend targeting 1908.36 and 1919.128 which is also accelerated by the negative DXY. Provided DXY remains negative the yellow metal will continue the uptrend.
The pair formed a double top offering a strong rejection at 161.255, broke neckline and a structure at 158.577. The pair is retesting the breakout before it continues with the downtrend to 157.518 and further to 156.465.
Gold have consolidated for a while with a strong support at 1870 and a break of structure at 1881. Aim at 1888 and 1893