Gold have going up in three big steps, so now it is time to go DOWN for a while.
why ?
- it is still a down trend when looking at daily.
- no important US financial meetings before friday
- there is divergence (1H)
- a LOT of imbalances
- a break of structure (1H right now)
- the 1700 seems like a good point to go long again
There is also a FIB area(yellow) but I think I will TP at the green OB area
PS. It could be critical at 1755,85 maybe there will be a fake spike down to take the money, and it will the go the way up again.
I hopenot, my guess is taht it will take the green OB, and THEN go to the top again. So 2 x 3% profit if I am lucky
why ?
- it is still a down trend when looking at daily.
- no important US financial meetings before friday
- there is divergence (1H)
- a LOT of imbalances
- a break of structure (1H right now)
- the 1700 seems like a good point to go long again
There is also a FIB area(yellow) but I think I will TP at the green OB area
PS. It could be critical at 1755,85 maybe there will be a fake spike down to take the money, and it will the go the way up again.
I hopenot, my guess is taht it will take the green OB, and THEN go to the top again. So 2 x 3% profit if I am lucky