#ThisisGOLD - WKLY Rejection on S - H4 BMS of MS High (STRONG) WK = Bullish (MS) & Bearish (PA) DAILY = Bearish (STRONG) H4 = Bullish (STRONG) I will buy H4, targeting D1 POIs
💡💡💡 GOLD Updates; WK = Bullish 📈 Daily = Bullish 📈 H4 = Bearish 📉 Therefore, I would continue looking for sell opportunities (unless otherwise) until price hit Daily price curve. Reason; - WEEKLY closed with a rejection, followed by a strong H4 BMS of MSL (earlier signal on a WK - D1 - H4 matrix). - Since D1 hasn't BMSed MSL, that's why I will look for...
Gold has done a beautiful RTO on daily Trading Range, with a strong rejection from D1 support followed by H4 BMS of MS High. I'll be engaging them when they mitigate the H4 Range.
🔴 Fundamental: My view on GOLD. The conflict in the Middle East has intensified in the past few days, as Israel and Hamas continue to exchange rocket fire and airstrikes. The situation has raised concerns about a potential broader war in the region, which could disrupt oil supplies and affect global markets. One of the effects of this uncertainty is that...
GOLD has moved 990 pips (so far) within a week. We expected this as it touched a WEEKLY SUPPORT! However, they have been going without looking behind. They break a zone, and they don't mitigate... ... when they mitigate, they don't reach the zone. It has been a TOUGH WEEK...! ... But when we WIN, we LEARN...when we FAIL, we LEARN...when we MISS we...