Gold has been on a bullish rally today. The price plunged above the hourly supply zone forming a fakeout . On the four hour time frame the market closed with a doji candlestick as a sign of reversal. We should be looking for short opportunities. Besides gold looks overbought on the relative strength indicator.
NOT A FINANCIAL ADVICE as trading in the forex market...
Crude oil has been on an uptrend in recent months forming series of higher highs and higher lows. An unmitigated supply zone was formed when crude made it 2022 all time high we should expect a rejection there once supply zone order block is triggered. The uptrend rally was partly as a result of Russian Ukraine war causing a hike in pump price rate ... Remember...
EURUSD has quite been on a downtrend partly due to news released . Expecting a rejection at the hourly Demand zone .Wait for confirmations on lower time frames and stick to proper risk Management not risking more than 1% of equity or balance
