The gold jumped in the first hour when the market opened but fell into consolidation immediately afterwards.
This move showed the intention of accumulating buy orders at the top what would be the best to do now is to wait.
Wait for the price to retrace lower, wait for the patience of those who chased at the top to run out of patience.
The first point of re-entry is seen at 1279 which will close up the gap.
The extreme low for re-entry is seen between the price of 1276 - 1273.
This move showed the intention of accumulating buy orders at the top what would be the best to do now is to wait.
Wait for the price to retrace lower, wait for the patience of those who chased at the top to run out of patience.
The first point of re-entry is seen at 1279 which will close up the gap.
The extreme low for re-entry is seen between the price of 1276 - 1273.
