We are seeing the strength of buys decreasing and basically sell volume increasing, additionally we see a convergence backed up with the Relative Strength Index.
If we look only to Technicals gold needs to cool down and take a breather.
TP: 2635
Entry Above 2650
NASDAQ100 Prediction: Potential Return to Buy Area
Based on recent market analysis, the NASDAQ100 appears to be forming a pattern of lower lows and lower highs. Considering various technical factors, it seems likely that the index will make another attempt to reach the buy area. Over the past few weeks, there have been gaps that remain unfilled and liquidity that...
Gold going down to get some liquidity swing idea.
Gold will be going down for the coming days weeks as it got a hard reject on 1D, make sure to vheck the 4h and 1h trend before entering any positions be good with your entries.
Gold is in a bearish downtrend and has to cool off before heading to the higher numbers, possible short incoming give it room to breath upwards and you will make some dough on the short term keep in mind I am bullish gold long term.
