🥇 GOLD - Support Retest. The fall will continue
Updated
Gold has been losing ground since the opening of the session amid renewed potential tied to the growth of the dollar. NFP on Friday strangely influenced the market, but this week the situation has stabilized and the market determines for itself the further direction. The bears want to reach the area of interest and liquidity located at the bottom
Prerequisites for further decline
1) Fundamentally gold is weak
2) The decline is formed after capturing liquidity from above
3) Accordingly, the target is liquidity from below
4) Support retest is forming
5) Bearish trend
Prerequisites for further decline
1) Fundamentally gold is weak
2) The decline is formed after capturing liquidity from above
3) Accordingly, the target is liquidity from below
4) Support retest is forming
5) Bearish trend
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