Beware of the fakeout as gold is a "faker".
Allow the downtrend to exhaust itself and wait for the bulls to take control and possibly enter after the retest of the demand zone.
At 0.89934 lies a strong demand zone which could potentially reject the down trend and push upwards.
Worth noting is the fake out that will occur at the support line within the demand zone.
If the demand zone doesn't hold then we will see the price drop further as has been the case since inception of the pair.
Please feel free to give any form of criticism, I'm...
Previously a moderately strong demand zone, now being tested as a supply zone after a zone swap.
It could hold strong and we'll see a short trade opportunity after a strong rejection of the bulls.
