Looking at gold on the 4H in today’s Asian session, we can see that sellers are being held up at a previous level of support. For now, this level is trying to reconfirm support but could this just be a new consolidation pause before the next wave begins?
A break below yesterday’s low could suggest the trend is back on, but a hold could start to put up a double bottom / HL idea. After that, we would like to see a new HL to really start suggesting buyers are back in control.
Good trading
A break below yesterday’s low could suggest the trend is back on, but a hold could start to put up a double bottom / HL idea. After that, we would like to see a new HL to really start suggesting buyers are back in control.
Good trading