Gold Bias is Sell. We plan 2 entries if 1 SL hit then we enter 2nd trade. Remember 1 thing Both entries trigger before downside liqudity sweeps that mark in the chart.
Gold Price Overview: Consolidation Amid Bearish Bias
Sentiment: Bearish
- Key Factors:
- USD Strength: Fed’s hawkish projections and higher US Treasury bond yields keep the Dollar supported....
Gold perfectly follow trendline you can check on image if you draw support and resistance then you can check 4H not cross his previous wick that's mean buyer's have no potential to move bullish more. So if they break the low of previous candle then its mean 75% probability they goes bearish. Then your target is your nearest support level that you can seen on image...
Gold perfectly follow trendline you can check on image if you draw support and resistance then you can check 4H not cross his previous wick that's mean buyer's have no potential to move bullish more. So if they break the low of previous candle then its mean 75% probability they goes bearish. Then your target is your nearest support level that you can seen on image...
