this is my weekly update for gold .
currently, I don't have any active position.
However, based on the question that I received this morning
I see that many traders missed yesterday's selling rally and still want to jump in.
Analyzing structure on the left, we can easily notice that gold has reached a key .
+we see a formation of a dodji candle and multiple rejections.
For this reason, I think it is late to sell the market,
I think the price will retrace from the identified support.
*If you want more ideas on gold , please, support the idea with like and leave a comment, thanks :)
really appreciate that!
during the announcement of the surprising news it is very difficult to identify the structure level that the market will respect.
better just stay away!)
it is a middle structure level.
I think the further movement will be determined by feds actions this evening