TradingView
BhekaniZitha
Jan 8, 2021 7:26 AM

A GOLD CONTINUATION SELL PATTERN  Short

Gold/U.S. DollarFXCM

Description

Dear follower, in this setup, i am anticipating a break and retest on price 1907.36 which is a vey strong support level or psychological level. If you go back to previous structures, you will realise that every time the market reaches this level, it either bounces or get rejected strongly!

So, a break and retest will give us a continuation pattern going for a 50%_61% Fibonacci zone which is the destination zone for the correction of the impulse which have had 3 market maker levels going up!

Cheers....
More