Hi All , positing my usual Sunday analysis earlier this weekend ! Since I know some of you eagerly await.
Ok so , we watched a lot of slow and cleans moves from Gold last week due to no high impact economic news . This gave traders time to make more relaxed entries and exits. Which was nice for a change ! Moving forward what can we expect ? My analysis based on 1H and 4H TF tells me Gold will continue plunging downwards and creating a deeper descending Channel with lower highs and lower lows. Retest of 1750 is possible. looking for shorting if price rejects resistance 1808 I maybe wrong! Im not Nostradamus after all
Thanks for all your time, efforts and continuous support
Allah hafiz, Be Safe take care and have nice time with your family, friends and loved ones