Hey guys. These are my current areas of interest for Gold on the 4h chart. Price has recently broke and retested 22nd october high (1814). Based on my charting, we're expecting price to slowly move towards the 1828-1835 levels for a ~140pip range, tho anything can happen. Lets see what the candles tell us and trade accordingly. Like and follow to stay updated on the idea. As always, stay safe and catch dem pips.
Comment:
we were correct on gold hitting a minimum of 1828, which is followed by a strong rejection wick off the marked supply area and closed bearishly on the 1hour timeframe. the chart is now in play, lets react accordingly. more updates to come.
Comment:
price approaching the major turn level at 1850-1865. will be looking for a short as a good r:r is presented.
Comment:
no good signal to short yet. will need a bearish close/wick on the 1hour.