"So, GOLD has lost one of its important supports (1896 ~ 1902). It is currently at the lowest price in the last 60 days. The price has formed a clear CHOCH on the 1H and 4H time frames, and the trend has remained bearish after losing the support. The first scenario involves being rejected after retesting the previously lost structure around 1896 ~ 1902 and then...
FOREXCOM:XAUUSD OANDA:XAUUSD As you can see clearly, XAUUSD is on consolidation between 1950-1965. I hope for the next week, price break this box no matter on which direction. but totally, GOLD is bearish for me and there is lots of FVG on lower prices that needs to be filled. my idea is on SHORTING GOLD again around 1960-1965. but if price break the last...
As you can see the bullish channel is broken and price needs to get back in if it want to reach a HH. also there is an unmitigated OB which cause a big drop on price. my idea is, price will test that area and bounce back to channel to test the last consolidate area around 1925-1930.