Even though this week was quite bullish for Gold, ahead is a strong zone of confluence to watch.
I see a perfect match between a horizontal structure support and a recently broken major rising trend line. Next week, pay close attention to the underlined yellow area. Once it is reached, look for a confirmation to sell. Chances will be high to see a retracement from that area.
Have a great weekend!
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@VasilyTrader, I think you need to use a smaller TF to limit the price movement before June because the market still got 10 days before monthly close candle
VasilyTrader
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@salvanost, thank you for sharing your thoughts brother!!!
darasimiadeoye8
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looking from up the chart is a down trend.....and looking more closely on it, there's a break of structure.....