Since gold had a huge retracement to the downside to a major magnetic area & then push up breaking 1888.00 & closing above that area which has acted as a solid area of support/resistance in that past. I see gold opening up bullish & pushing up to the previous wicks at 1896 where a lot of consolidation has happened around that area before retracing to retest 1888 &...
Since Price failed to close/ break above 1.22000 last week that to me indicates that there wasn't enough bullish momentum to visit the previous highs. So that being said I am anticipating price to retrace to 1.21700 given that its been acting as a major area of support/resistance for the past month. Before retracing to 1.21300 given that its an order block zone &...
Since price failed to close above 1.42000 that indicates that bulls did not have enough momentum to break through that area of resistance that hasn't been broken since April 2018 clearly indicates that its a strong area of resistance. Which that leads to me anticipating price retracing to the 1.41000 area that's been clearly acting as a strong area of support for...
So price wicked above a major area of resistance but failed to close above it which indicates that the bulls did not have enough momentum to break above it before the weekend. Which indicates to me that we can anticipate some sort of retracement before another impulse move towards the upside. I am anticipating price to retrace to 1.81834 area if we get a close...
