Gold Analysis
I would like to give my analysis on gold before I go back to sleep. Beginning with
Weekly TF: 2068 is a pivotal demand zone. (Price has attempted to break numerous times)
Daily TF: Price has given us a lovely double top.
4hr Tf: Price has attempted to break 2047 at least 4x but has failed with bearish rejection.
On the lower TF, price has re-entered the distribution phase, which is typically a bearish indication.
As fun as the run ups + bullish pip grabbing has been, I believe the bullish run is over and too many confluences point to a bearish market. This is just MY bias, please back everything up for yourselves. Have a happy holiday
Weekly TF: 2068 is a pivotal demand zone. (Price has attempted to break numerous times)
Daily TF: Price has given us a lovely double top.
4hr Tf: Price has attempted to break 2047 at least 4x but has failed with bearish rejection.
On the lower TF, price has re-entered the distribution phase, which is typically a bearish indication.
As fun as the run ups + bullish pip grabbing has been, I believe the bullish run is over and too many confluences point to a bearish market. This is just MY bias, please back everything up for yourselves. Have a happy holiday
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