TomBray1

TomBray1

Technicals: As it currently stands, HJ is at a strong level of supply where we have started to see selling pressure come into play. We’ve seen a bearish engulfing, followed by a double top formation at supply. The double top was confirmed after a shooting star on the 30M timeframe. This is my confirmation to get into the trade, however, Monday usually contains...

TomBray1

We can see GOLD has been making clear higher highs and higher lows, perfectly rejecting the 61.8 FIB level. We can also see that Gold is struggling to break out of this range which started from an inside bar move (on the H8 TF) on the left-hand side (first position). I believe gold will drop down to demand (lining up with the 78.6 fib level) where we will see...