As I predicted Gold dropped nicely after the market opening.
Now the price is trading on a strong intraday structure support.
Based on a current perspective I see two potential scenarios:
- If the price breaks and closes below 1914 - 1917 demand area on 4H,
then I will expect a further decline to 1900 / 1891 levels.
- Because the market looks oversold, a pullback is highly probable as well.
Your confirmation to buy will be a bullish breakout of a falling wedge pattern on an hourly time frame.
Then a bullish continuation will be expected to 1932 / 1943 levels.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Bình luận:
Check my new analysis on CADJPY:
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅
❗️YouTube Channel www.youtube.com/c/VasilyTrader
💰Instagram: www.instagram.com/VasilyTrader/ 💰
✅Facebook: www.facebook.com/VasilyTrading/ ✅