Self explanatory as all the analysis is on the chart. But market has grabbed liquidity by taking out 1810 highs and peaking at 1822. Since then Gold has crashed back down below 1778, taking out the last low and changing the market structure which now indicates a sell.
Gold is currently sitting at a resistance zone, which I am looking to short from. However, it is possible since its the end of the week, that market might move a little higher towards 1798-1802 for further liquidity at the start of next week before deciding to melt. Let's see how this move plays out! Drop a follow to keep up with the latest updates.
Gold is currently sitting at a resistance zone, which I am looking to short from. However, it is possible since its the end of the week, that market might move a little higher towards 1798-1802 for further liquidity at the start of next week before deciding to melt. Let's see how this move plays out! Drop a follow to keep up with the latest updates.