From this analysis we can see that Gold has been rejected movement to the upside and a bearish trend is unfolding breaking market structure to the downside.
Gold has more objectives to meet on the downside as evidenced by the PD Arrays available in the market. That is sell side liquidity, liquidity voids and discount bullish order blocks yet to be mitigated.
After the last Order Block at Fib level79.0 has been mitigated, we should see an expansion to the upside as this particular Order Block is the one that resulted in market structure shift to the upside to begin with.
So any buying opportunities intraday and on lower timeframes should be seen as retracements or correctional moves not to be held for long as the overall trend is bearish.
Trade responsibly and exercise proper risk management.
GOOD LUCK AND HAPPY TRADING.
Gold has more objectives to meet on the downside as evidenced by the PD Arrays available in the market. That is sell side liquidity, liquidity voids and discount bullish order blocks yet to be mitigated.
After the last Order Block at Fib level79.0 has been mitigated, we should see an expansion to the upside as this particular Order Block is the one that resulted in market structure shift to the upside to begin with.
So any buying opportunities intraday and on lower timeframes should be seen as retracements or correctional moves not to be held for long as the overall trend is bearish.
Trade responsibly and exercise proper risk management.
GOOD LUCK AND HAPPY TRADING.