Detailed analysis: Gold has been forming higher highs and higher lows for a while until now. A weekly supply zone has caused some institutional sponsorship that has broken the trend, indicating possible short activity. This would be in line with the macro harmonic patterns we are currently seeing in which the market appears to be looking for some yearly lows that were left untouched by the aggressive bullish moves.
Simple analysis: Taking gold short from a weekly supply zone. Found the H1 equivalent for a tighter SL
Simple analysis: Taking gold short from a weekly supply zone. Found the H1 equivalent for a tighter SL
Trade closed: stop reached
