Gold has been in a strong bearish trend, making lower lows and lower highs for weeks now, so a short opportunity has always been in mind. There's a key level of structure around 1230 due to strong support so I have always had an interested in this level.
The market broke through this level late last month with some decent momentum and we are now pulling back towards it. We now seem to potentially be forming a Gartley pattern which completes within this key level of structure and also lines up with a supply zone.
The market broke through this level late last month with some decent momentum and we are now pulling back towards it. We now seem to potentially be forming a Gartley pattern which completes within this key level of structure and also lines up with a supply zone.