Gold is testing a strong supply zone
Updated
Breakout or rejection of the 1988 price level will determine the following trend in the direction of the bullish momentum or in a downward bearish range. Two inverse FVG will resist to the upper breakout with an encroachment around 1988.5 as a main focus of interest.
The previous rejection was during the New York session opening range and a displacement of over twenty dollars was I guess painful for many as it was a counter trend against the bullish momentum.
The previous rejection was during the New York session opening range and a displacement of over twenty dollars was I guess painful for many as it was a counter trend against the bullish momentum.
Note
The rejection took place on the upside limit of the iFVG @1988.5
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