As we can see gold has been on a downtrend for the longest time, we broke the region that we currently on but price came back into a buying movement.
However price failed to establish itself above the 1920 region, and for that reason I think that the presence of buyers in the GOLD market is weak, expecting sells to the downside
We see from the previous 2 touches on this zone that the buying pressure was no longer as strong as it used to be
The most recent touch is a failed buy attempt, before price shot to the downside overcoming the zone
Expecting price to continue falling
NAS100 has tested this area multiple times and for some time this area has been an area of buy liquidity
It now seems that the buy liquidity is exhausted, anticipating some good sells going to the downside
Price failed to return and establish itself above the zone in its recent movement, so it shows that price has a higher chance of not returning to its buy...
