On the 4h gold seems to be pulling back but to what extent is the pressure, do we go back to flipped zone for a retest before shooting to the upside?
What are your thoughts on Gold?
We currently seeing the market accumulate orders, some good structure broken to the downside, do we continue bearish or we continue bullish as the major trend on btcusd?
What's your thought?
Last week's close gave a bearish start for this on gold.
BUT does the current small correction to the upside mitigate the above resistance and shift the the market into more bearish momentum for the week or price does brake to the upside and we see bullish momentum?
Not sure on the fundamentals side, let's watch sides.
Anyone else, what's your forecast?
1. On the weekly time frame (1W) EURUSD is quite bearish, a good amount of lows been raided giving us confirmation that price maintains its bearish momentum.
2. When we zoom in, we find atleast on area where price is reacting to as mitigation in concerned between price levels 1.16149 and 1.15083. Between this price range we see price reacted by giving us atleast a...
Gold closed with a slight pullback, likely to mitigate the previous raided high the below previous flipped zones and continuing to the upside maintaining good bullish momentum.
We wait for Monday open.
Gold mitigated our lower time frame order lock.
Scalpers take your profits!
Let's see what we have here, let's wait to see further break of lows so we are confident with a good market shift.
