After yesterday's rally to take liquidity, price retested tested a previous Supply Zone and Dropped from there.
In the past 15 hours, price movement has been stagnant seemingly due to that Area being a strong resistance area that broke yesterday though price closed below it on the HTF.
The probability of a bearish movement before price drives higher to continue bullish is eminent as well as the probability of price selling to a Break in the Market Structure, giving us a more bearish continuation.
There is NFP Today ... So Gold might decide to print whatever it likes.
In the past 15 hours, price movement has been stagnant seemingly due to that Area being a strong resistance area that broke yesterday though price closed below it on the HTF.
The probability of a bearish movement before price drives higher to continue bullish is eminent as well as the probability of price selling to a Break in the Market Structure, giving us a more bearish continuation.
There is NFP Today ... So Gold might decide to print whatever it likes.
Note
Nice Drop from GoldNote
Gold is now Bearish Confirmed ... Following the Orange drawn out patternNote
Next week, we look for bearish continuations
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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.