Gold has been consolidating between 1740 and 1724 creating new LH's and LL's this whole week. Previously in the higher time frames we've been seeing a pull back into 1750 since the massive momentum to the downside. Though price has reached that level (1750), till today, it's unable to break and forms a new bearish trend.
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For this upcoming week price could decide to continue this consolidation between 1740 & 1724, or break out of these levels and head to our next major levels. In my overall perspective, Gold is bearish and I see price breaking and heading into 1708 and 1700.
Go with the flow !
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For this upcoming week price could decide to continue this consolidation between 1740 & 1724, or break out of these levels and head to our next major levels. In my overall perspective, Gold is bearish and I see price breaking and heading into 1708 and 1700.
Go with the flow !