An idea for shorting gold if we get a break below structure and retest and with a gain of over 200+ pips into 1791 area
Indicators are telling me after a relief to the upside its time to continue in the current trend to the downside in alignment with the red box full of magic
After coming down from a descending channel this pair has hit a major level of support looking at recent price action. This pair is looking like it will gain strength with confirmation of multiple candlestick rejections.Break of CTL and it may rise 50-60 pips to my target.
dollar looks like its weakening and eur gaining strength, possible long if price takes out high and retest support which i will look to ride it to recent high or next resistance around 1.7000
Starting off with a decent RR, broke support retested came of 38% ema to the down side and making lower highes :)
Recent higt came off structure level and also 50% retracement, price currently at retst of the trend line now going to wait for the 4hr candle to close and see what formation is presented