Since the beginning of the year (Jan 5 to be exact) Gold has been on a bearish trend. On the chart, I've marked all the key price areas. Just based on what I'm seeing on the daily charts and considering upcoming news, I predict that Gold will continue to fall.
Some verifying factors:
-Price broke the previous bull candle high 1716.68
-RSI approaching 50...
Here I have marked up the beginning of the sell trend. As medium and high impact news approaches, we want to see how it will affect this pair for the day and remainder of the trading week. I have set alerts for the potential of the pair continuing the sell trend and also two to verify that this pair is making a turn to buy.
As we can see, it has passed through...
Once the candle passes through the zone immediately below the current location, this will verify the sell trend. I have set an alert and place a zone above where price action is currently just in case it wants to continue on the buy trend. Either way you should not enter until the candles enter and pass through any of the zones. This is a potential trade idea and...
