Gold have been in bullish form for some time. now experiencing a change of direction. Could it be a pullback/retracement. There is an a breakout of support if we take a look in the chat. That means the direction is changing, sellers are in power. Now we are expecting strong bearish candle sticks, lets not forget this is a retracement since the market is bullish....
The zone is fresh. is tested for the first time. is a demand zone. Great risk reward ratio.Also trading along the trend.
Two days ago I posted my analysis. Today I give back the feedback on how did my trade go. It went very well. Target is reached, that was a bullish pullback. Buyers were very strong to pullback the market to the zone.
EURUSD is a correction phase There was a bearish breakout. Now the market is having a pullback. to retest the zone at 1.03902 is currently consolidating at 1.02404
A retest of down trend, The markert is changing direction during the end of the year.since its been Bullish the whole year