Gold Spot / U.S. Dollar

Updated

Potential set up Gold

There are two scenarios in play within a valid order block area for the lower time frame. There has been a previous rejection from this zone, and the technical bias may be shifting. If it breaks below, it could reach 2647 before returning to the buy zone, reject potentially indicating further downside.

Note

Gold taken bearish route

Note

Analysis playing out perfect for the downside movement.

Trade active

Note

Bearish scenario still going to plan,holding sells to buyzone

Note

Amazing trade full completion to target

Trade closed: target reached

Full completion of analysis 320 pips

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Also on:

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.