This analysis is a similar move to price action from the first few days of February 2020. Market most of the time repeats itself & this market structure is setting up nicely for another bearish
move. Technically & fundamentally the move makes sense as the DXY
, which correlates negatively is gaining strength which works as a confluence to my Gold
sells. However, be careful as it will be a Monday and start of a new month so could expect choppiness
and market manipulation.
I will be cashing into this move on behalf of my Account Management investors ONLY if I see a rejection around my entry zone.