Nice falling wedge on gold, now PA comes to play, I´m more bullish on this but market is changing all the time, so If you ask me where the gold is going, my answer is I don´t fucking know, but I see It´s more likely to go up, so I am looking with my swing trades for longs around 1738 and I will start looking for shorts below 1716.
Solid consolidation today, If I will see long opportunity than no hesitation, however If I see short opportunity I will consider it or put smaller risk amount.
Gold is currently sitting in demand zone and at Friday´s POC , I will be waiting for the confirmation in form of volume / structure break to buy, if the zone will be broken than 1733.450 is next solid support to look for longs at.
2 possible scenarios wich of one I want to see play out, however I am non-biased on this, price 2 times reversed at 19.828 because of strong resistance that formed strong highs, however now It´s 3rd time price is approaching this area so it might be broken as well, going to monitor PA in this area.
I´m looking for short on UJ to M1 key level in confluence with -27FIB
Dunno what Trupm tweeted this time, but it definitley worked out well
Same thang over and over again, just more pips :)