GOLD STILL BEARISH WITH POTENTIAL FOR REASONABLE BUY OPPORTUNITY
Dear Traders,
I have been taking time to watch these pair lately and waiting for that full bearish confirmation with happened to with the closure of of 1 hr candle below 2005, which was the beginning of the bullish run we saw to 2067 zone.
If the current 4 hr closes below that same zone and confirms a change of character, then we can be sure that Gold is about to fall as we are beginning to see some bullish patterns on DXY.
Again, if the current 4HR candle closes and gives us a Change of Character (CHoCH), then we can confidently look for buy to the bearish order block and expect Gold to sell to the 1943-1960 zone in the first instance.
Trade carefully and apply proper risk management.
Cheers!!!
I have been taking time to watch these pair lately and waiting for that full bearish confirmation with happened to with the closure of of 1 hr candle below 2005, which was the beginning of the bullish run we saw to 2067 zone.
If the current 4 hr closes below that same zone and confirms a change of character, then we can be sure that Gold is about to fall as we are beginning to see some bullish patterns on DXY.
Again, if the current 4HR candle closes and gives us a Change of Character (CHoCH), then we can confidently look for buy to the bearish order block and expect Gold to sell to the 1943-1960 zone in the first instance.
Trade carefully and apply proper risk management.
Cheers!!!
Comment:
Gold may attempt to close the Gap at 1867 before any major reversal or get to the 1933 zone, go back to pick liquidity from 2022, and then fall sharply. It all depends on the US Index movement. Nevertheless, gold is now trading in the predicted zone of 1960
FINSPOT ACADEMY