Gold price is approaching a buy side retracement at 0.78 level. I anticipate that Gold is gonna buy from that point .
I think Gold is about to sell really hard. I wont explain alot, just take a look at the charts
Price is aiming to sweep all buy-side liquidity before it reaches the official downtrend 0.78 retracement level. Note that, on a 4HR timeframe, we are on a downtrend, this our shorterm uptrend is a alittle pullback/retracement to clear all liquidities and tap into a major supply zone
Price is at the previous demand level that caused a major change of character. I was looking out for price to run through the demand level due to the volatility of the recent financial event (FED chair speaking). Unfortunately and fortunately, price couldnt break the demand level, hence, make it look like a retest for an uptrend
Don't miss this incoming buys on EURUSD. Price is returning to a very strong demand zone giving us a higher probability of price breaking it's recent swing high after touching the strong demand zone.
No long talks. Retracement over, time for the buy trend to continue. Let's move!
I'm waiting on price to mitigate the supply level and drop heavily.