We are in Bearish Trend For Now. Looking for Counter Trend Buy Trade in Highlighted Zone. Zone has Taken Out Liquidity and Expanded Higher. Lets Wait for Price Reaction in that Zone. We will Only Buy if M5 CHoCH happened in our POI.
Gold is showing a head and shoulder movement. The price could fall and reach a TP of 1679.5 of the previous big rejection by the BUYERS of Gold. The GOLD could reach the lowest price of the 21 August 2021 when gold fell to 1679.5. The BUYERS could come in to BUY again with the low price to take gold to the highs again. Maybe the BUYERS are waiting for the NEW...
I took this trade yesterday and this morning all was well done. BIAS for the week Will be short i.e more sells than buys