Possible Reversal coming for gold During Asian Session, check out the analysis and let me know what you think or ask me anything for further explannation.
What do you think? I see Price continuing to sell down towards the next two detailed support zones... We will see, will only happen if it continues to stay below that detailed resistance... Of course...
What do you think? Price has been giving us Sell Type Of structure and it looks like it may continue to sell down towards the next probable support zone
Soon to reach 50k but will it break past that Resistance Zone? Weekly time frame showing us Head and Shoulders type of structure and so we may get a reversal around that 50k mark. Price has been respecting the 100 EMA acting as support on weekly timeframe and so that is a major reason why buys have been happening....
Gold still has a valid head and shoulders type of sell structure which also adds up with what's happening on the higher time frames like weekly and daily and apart from monthly time frame which shows posibble buys to fill that wick - I still see price selling a bit more down before it attemps to push up to fill that wick on monthly time frame.