BULL TRAP IS LOADING
Looks like we have a potential bull trap loading up on gold. If Gold breaches past $1940 this will be a good shorting opportunity to take price all the way back down towards $1615. You can see in the chart we have SELL SIDE LIQUIDITY laying around this area.
If Gold fails to break down from around $1940 then a possible run up towards the RELATIVE EQUAL HIGHS which is around $1970 could be another shorting opportunity.
Looks like we have a potential bull trap loading up on gold. If Gold breaches past $1940 this will be a good shorting opportunity to take price all the way back down towards $1615. You can see in the chart we have SELL SIDE LIQUIDITY laying around this area.
If Gold fails to break down from around $1940 then a possible run up towards the RELATIVE EQUAL HIGHS which is around $1970 could be another shorting opportunity.