We can see how gold reached a high probability reaction point at 3,000, where we had the past ATH, now we see how gold is rising after that rebound, we have some levels marked in the area of 3028 and 3035 approx, where we are waiting to see the price action when reaching these areas, if the price decides to break up we could be waiting for a new ATH during the...
After CPI News price didn't when to much to the down side, it gave us a good retracement after hitting the FVG that was left behind, the reaction was clear and smooth, breaking above the actual and past supply zones. With this scenario right now we're waiting to see price trying to go for past highs, we're really close to a new ATH may be hit tomorrow. Correction...
We can see gold accumulated in a range from the past week, where it has been difficult to break above that area. Tomorrow, we've CPI news, and most likely, the price will reach previous lower liquidity zones before jumping to a new ATH or at least close to it.
waiting to see the resistance area get tested before going on sell looking for pass day lows. Today is Friday usually a sell day and with NFP goin on, we may have a correction of the actual uptrend.
