Hi traders, last week I posted that i expect price on gold pushing lower to around 1850 and fib 0.618. Price made new high and reversed. As you see we are having some flag for sell forming on 1h which is completed by abc correction, so i think that gold can push lower now. It needs to break previus low at 1855 to complete that bigger flag for buy, where we already have ab wave and C is expected before reversal. I think that price is lossing buy momentum. If there will be any correction on lower tf i might take it, otherwise im focusing on buy. Good luck and happy new year!
Comment:
Price bounced from trendline, if price will break upper trendline agressive then ignore sells