On the 4 hour timefram GOLD has broke the minor downtrend structure and pushing up making higher highs and lows. Currently is in consolidation stage. Break below the range high will push the price higher to the supply area. But breaking below the range will can make it go lower. However, my bias is stong bullish due to the break of structure and i belive gold can take-off maybe after a short pullback near my drawn fibo level and shoot right up to the supply area.
Traders, if you like this idea or have your own opinion about it, write in the comments.
Traders, if you like this idea or have your own opinion about it, write in the comments.