Gold has been an uptrend for the past four years and the 3 week retracement it did last week was needed for the bullish trend. on the 4 hour gold is on an uptrend with a good inves head and shoulder pattern on the 4 hour.
the market is on bearish trend has created a new low. I will expect a pull back and join the trend.
broke structure and retested now I am expecting a correction to the next demand.
on a strong demand zone and expecting it bounce off to the next supply zone.
buying GBPAUD when it comes back to retest this price broke the structure.
gold broke the structure and now I will wait for a strong close on the 4 hour and take a buy to the next supply zone.
Nas100 is around a strong supply zone right now. It has a good rejection indicating a potential sell coming soon, I will wait for this four hour candle to close and see how the next 4 hour candle closes then I will be looking to sell during London section and look to take my tp around 12000. you can always take your tp anytime you want.
gold sell continues, Gold is forming a lower high and lower low and right now and bounced of the demand zone at 1960 zone. as long gold has not close above this trend we are still on a sell to 1800.
After the pullback to 2048 yesterday, gold rejected the supply zone and dropped to 2021 and now it pulled back to 2032 for the retest. I will be in short until 2000.
gold pulled back to 2029 after the dropp during NFP last week. and the pull back to 2029 gave me confirmation, for continuation for the sell.
NFP news was good for the Dollar and GBPUSD broke the out and close bearish in the 4 hour, and the rejection was from strong supply zone.
gold came back to 2030 during London section and bounced of the demand zone as predicted. now gold have a pull back to 2046 which is healthy for the continuation for the bullish move. if gold close above 2046 and above the trend it will go back up and probably create a new all time high. tomorrow is NFP so everyone should use proper risk management. Goodluck!
nas100 pulling back to entry. and LL, it is a good zone to sell find and entry and ride the trend.