We can see we're having huge momentum to the downside so what we need now is to see the market have a pullback to fibonacci levels 50 and 61%. If we see rejections as I'm mention on the charts I'm selling the market.
47000 has been a support and resistance for a long time. We're in this area again but right now I'm waiting for the market to break to the downside or if it will hold as a support.
I shorted Gold after I saw that the wicks on the higher timeframe needs to be filled up before IF it will continue down.
You could also see that the trendline on Daily/4H to the downside that the market came up there and retested it and now is moving down.
On the 15 min you can see that it respects the High of New york session 23/7/21.
My TP is 1782
If you look at the Daily you can see that Gold is in a uptrend, you have a lot of spikes down at 1798.820 area to the downside.
Break it down to the 4H and you'll have doji on the 13/7/21 22.00 and after it closed the market spiked up, gold broke that area and is now retesting it. It also broke the resistance that's at the same area.
If you look at the 15 min I...
