19/06/22 Gold 4h Analysis
Gold has been in consolidation since 24th of May from it's last Peak Formation Low, indicating a market reset and the Market Makers are more Bearish than Bullish and that trend instead of continuing Bullish will be initiating another Bearish run, but this pair is pretty neutral so far, so we will be waiting next week to see what's popping but from my general analysis I suspect Gold to go Bearish this upcoming week, for Gold has made pins to the Mayo (200ema) and just after that on the 4h it made a Lower High of which is a Bearish movement.
If price breaks the 1850.000 zone and breaks the 200ema we can suspect it isn't a market reset and price will continue Bullish as Market Movement should, and if Market price breaks through the 1830.000 zone we will continue Bearish to the 1800.000 zone and create a new Peak Formation Low from there.
If price breaks the 1850.000 zone and breaks the 200ema we can suspect it isn't a market reset and price will continue Bullish as Market Movement should, and if Market price breaks through the 1830.000 zone we will continue Bearish to the 1800.000 zone and create a new Peak Formation Low from there.
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