Possible GOLD SHORT
Hello traders I have noticed an interesting scenario here on gold. IF you look at the D TF WE BROKE STRUCTURE SUPPORT LAST FRIDAY NFP. RIGHT NOW WHAT I SEE IS A POSSIBLE SQUEEZE ON LONGS. IF YOU look i have drawn out a ascending wedge where bulls have found support around 1458.9 but if you take a look at the zones i have drawn you'll see clear rejection at this current level. 4HR CORRECTIONAL LOWER HIGH HERE OR AT THE RED BOX DRAWN THATS WHY I DONT MIND TRYING HERE WITH LOW RISK. LASTLY IF YOU TAKE A LOOK AT THE DXY WE HAVE FOUND CLEAR SUPPORT AT THE LEVELS IT IS CURRENTLY TESTING.
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