This is an update on gold, price went to exactly where we wanted to the bottom level and now we go flying to the moon. Hope everyone was able to get some pips on the way down if not then theres plenty of more pips on the upside. :)
H4 we can see it has created a double top formation and is now currently in a consolidation. We will wait to see which direction price breaks out and will trade accordingly.
Please feel free to share your thoughts and like post.
After seeing a support rejection on the 4hr timeframe we can see the market consolidating. This is a 30min setup for a potential buy, where we can see the market coming back to test the support and demand zone. After multiple rejections on this zone we should see once the market opens that price makes a clear rejection and start to fly up.