Gold Retracement before Bullish Trend Continuation

5 thg 11, 2018

We have a bearish price action cluster on multiple timeframes with a resistance level at 1233.35 that could see prices bounce off to 1222.36. I watch for the failure of certain price structures and look for entries into higher time frame reversal and continuation patterns. Short term bearish, medium term bullish. We could expect a bounce off 1222.30 to 1234.44.