over the next day or so price will struggle to break the 4H Support. I will look for entry in the purple zone with my SL setup a little bit below that zone
Same idea as the previous short on this pair. I expect to see some resistance form on the hourly chart over the day or so. This will happen in the yellow zone. Once that happens I will be taking short positions from them with my SL being about 15 pips above where that resistance is.
Gold recovered from its previous decline on Tuesday (May 23), as profits and the dollar fell from highs, while another round of my debt ceiling negotiations ended without much progress. .Gold continued to trade in a base range on Wednesday as the market awaited some progress in the negotiations on raising my debt ceiling, while copper prices hit a 6-month low....
