In our last analysis, we predicted that Gold will continue its bearish move towards a new low. The target was reached and the structure is now officially completed. This week we will monitor the price action, as it may have a tendency to make further lower-lows until we hit the liquidity pool area highlighted on the chart. We expect the bulls to monopolize the Gold market soon, but not without having a confirmation. We recommend you to be patient and wait for your buy setups. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.