With the 4H Structural Low still open indicating the probability of a bearish return in Price, Gold price movement invalidated SC at Supply zone 2033 yesterday after several consolidations.
Price is heading to the Sponsored Candle which acts as the Supply Zone at 2049 where price is expected to reverse from and continue its bearish move.
Price is heading to the Sponsored Candle which acts as the Supply Zone at 2049 where price is expected to reverse from and continue its bearish move.
Note
SC has been activated and price of Gold is dropping NicelyNote
currently at 170 pips profits - with a 1:4 RR
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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.