Gold D has formed a M. Friday was the retest of the neckline for that M. There has also been a bearish break and retest of a W trendline on the daily.
The 4H has hit 50% of the FVG (fair value gap) that was created and started to drop. The W trendline has not been closed above on the 4H time frame.
The 1H has created an evening star at the 4H FVG, also having a bearish break and retest on the W trendline.
Looking for price to continue bearish possible to the D Zone created 7/6/23 around 1911.00. At the least price should fall to Fridays low around 1945.53, a good 137+ pips from where price closed on Friday.
The 4H has hit 50% of the FVG (fair value gap) that was created and started to drop. The W trendline has not been closed above on the 4H time frame.
The 1H has created an evening star at the 4H FVG, also having a bearish break and retest on the W trendline.
Looking for price to continue bearish possible to the D Zone created 7/6/23 around 1911.00. At the least price should fall to Fridays low around 1945.53, a good 137+ pips from where price closed on Friday.
Comment:
Got stopped out. Lets see if I can find another entry
Trade closed: target reached:
Target hit