As we can see from the daily time frame, ever since gold made that higher high we have continued to make lower highs.
We do have a pretty solid weekly support level that price cant break for now, but i do believe we will see gold hit that support once more before making its next move.
If we break that support we want to see it turn into resistance and we will...
Ideas for next week.... GBPCHF is one of them!
- At a major area of resistance, on the daily, AND 4h chart!
- Respecting the TL for the 2nd time (most reliable touch)
- Price travelling below EMA
- Price Action Rejecting Resistance Area
Don't forget to check out my profile and click 'PLAY' on my recent trades to see how they went!
Have a good weekend everyone.
