After the Bullish move of Gold yesterday, It has taken the current low of Price and is expected to pull back up into a Supply Zone on the 2H from there the Sell is expected to continue.
For Now, a Buy to the Supply Zone is eminent while we wait for the major Sell move to begin.
UPDATE:
Given the presence of Possible Supply above the 2H SPY marked on the chart there is also a probability of price using the marked-out 2H SPY as an inducement, pushing price above it.
For Now, a Buy to the Supply Zone is eminent while we wait for the major Sell move to begin.
UPDATE:
Given the presence of Possible Supply above the 2H SPY marked on the chart there is also a probability of price using the marked-out 2H SPY as an inducement, pushing price above it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.