Now we can see that Gold is in a slight downtrend on the 4H chart which has already pushed it down into our and bounced slightly, what we can see happening is bears pushing price down into this zone again for a retest of support before bulls take over and push price up to our .
Gold is heavily manipulated by fundamentals and by Trump himself and we do have quiet a bit of high impact news regarding USD the rest of the week so we could see some rather wild moves, these moves could push price into our TP zone.
So just check the news before opening any trades.
My name is Robert
I mainly trade longer time frames like 1W,1D, 4H do to work commitments . I have been looking and training Gold recently and it looks like we’re in faze 4 correction so I believe there is still a potential to go long, and according to Eliot theory 5th wave should be about the same length as the 1st
I will be happy to join you for your challenge