Hello traders,
Gold setup still neutral for the moment. there are two major contradiction to the level of the current price. I.e., Daily candle close vs break out retest to the same level on a 4hr key zone. through years of trading, perfect entries come when all timeframes line up in one direction. therefore, this time, we should be patient and trade the market on...
I will be looking for entry conformation now that the market has pulled back to retest a 4hr key zone. with the current trend in the market, gold has clearly closed below a 4hr key area after struggling for a while for the price to bounce of of the support. therefore, for now, a retest is highly anticipated with a need for confirmation to short the market.
there...
