Gold distribution
Having targeted previous highs, gold managed to scoop up the buy side liquidity.
Yesterday gold formed the Major sign of weakness adding more confluence to its need to go down.
With that said a retracement to the upside to mitigate long orders should provide us with a nice re-entry for the ride down
Without a doubt price could go below the double bottoms but we target the candle that shook out buyers for our TP
Yesterday gold formed the Major sign of weakness adding more confluence to its need to go down.
With that said a retracement to the upside to mitigate long orders should provide us with a nice re-entry for the ride down
Without a doubt price could go below the double bottoms but we target the candle that shook out buyers for our TP
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