Gold D Short Term Sell Idea 5/21/23

The daily (D) has played out to the downside as I thought it would do if it was to break bearish at 50% of the D fair value gap (FVG) zone that it has been playing around in. Price has not hit the previous month low (PML) yet, but it should do that this upcoming week if price decides to continue bearish.

As I predict that it will. If price does not continue bearish it will definitely continue bullish to take out/just tap previous month high (PMH) again.

For the STRATers, the D has formed a 21 pattern and I anticipate that we will get a 2d to continue bearish at least into the 50% area of the W B FVG zone/breaker.

Trade active:

Gold took the whole week almost to drop and hit the previous week low, but it finally did it. Still looking for price to go lower, so if you can find a good sell entry, go ahead and take it!!

Trade closed: target reached:

TP hit on this idea