1229 is a cockblocker for gold reaching deeper in!
this might be a good turning point
good volume combined with a breach from a value area
news at 4:00pm GMT might push it lower or just back to the value area... who knows
Gold may continue down after this retracement.. looking for price action to give some sort of confirmation on the daily/4h charts before entering any short position.
yeeee. what a description
Think I'm gonna jump on the wagon with tntsunrise on that long baby!
The pair looks like it lost the upwards momentum, possible short opportunity coming
retesting the trend line break at the moment, and a fib level as well.
stoploss lvl a bit under the 0.5 Fib lvl