MARKLISO

MARKLISO

Amid the uncertainties surrounding the US presidential election and ongoing geopolitical tensions in the Middle East, gold is finding support. With attention shifting to key US economic data, gold is nearing the 1-hour supply zone, where we may look for selling opportunities toward the lows. GOLD SELL AFTER REACHING THE 1H SUPPLY ZONE

MARKLISO Updated 

WHY 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...