From my readings of the chart this morning.
Gold on the 4h, Day and week charts has a downward trend.
Gold is currently in a position to aim for a lower low on the week chart.
Smaller time frames ( 15min, 30min, hour) are needing some retracement for further pushing power. So I am waiting for some pullback to enter a long hold sell to a new low on the week
Gold on the 4h, Day and week charts has a downward trend.
Gold is currently in a position to aim for a lower low on the week chart.
Smaller time frames ( 15min, 30min, hour) are needing some retracement for further pushing power. So I am waiting for some pullback to enter a long hold sell to a new low on the week
Comment:
Please note this is just my reading, follow at own risk.
Comment:
I entered this trade at 1938 for a long hold sell to 1888