GOLD OUTLOOK (UPDATE)
Gold is generally still bearish, but we might see price invalidate the high we expected to sell of from in the previous post. This is because Friday's Candle created an OB signifying higher prices. This means that price could most likely use the previous high as Inducement into the FVG above on the 4HR TF because selling.
Also, (I missed this before) but price is at the 50% Fibonacci level. This means that, the high is most likely Inducement. Let's see what plays out.
What's your thought?
Also, (I missed this before) but price is at the 50% Fibonacci level. This means that, the high is most likely Inducement. Let's see what plays out.
What's your thought?
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.