So with Gold we have reached a 4hr OB which also coincides with the resisting dynamic trend. I will be taking this back down to the lows of 1935, however I see it going down to about 1900. My thinking is that we will see some sort of Elliot impulse wave so you should have plenty of time to add to the trade or take partial profits on the way down.
I will post this in the higher TF as well so you can get a better idea.
I will post this in the higher TF as well so you can get a better idea.
Note
1st step is complete, now lets see how it reacts here
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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.