Goodday Everyone.
Gold has been dropping for a short while now ,but will it continue to fall further ?
My idea of Gold come from the nature of the market or its price action , Gold seems to have created a double top on the daily timeframe with an impulse to the downside.
On the LTF we see continuation corrections pushing price down further . Currently Gold has formed another continuation correction on the 4H timeframe .
It would be best to rather let the price confirm its price action to the downside first and then possibly look for a continuation correction on the 30M or 15m timeframe outside of the 4H structure to increase accuracy and Risk to Reward.
Thank you .
Gold has been dropping for a short while now ,but will it continue to fall further ?
My idea of Gold come from the nature of the market or its price action , Gold seems to have created a double top on the daily timeframe with an impulse to the downside.
On the LTF we see continuation corrections pushing price down further . Currently Gold has formed another continuation correction on the 4H timeframe .
It would be best to rather let the price confirm its price action to the downside first and then possibly look for a continuation correction on the 30M or 15m timeframe outside of the 4H structure to increase accuracy and Risk to Reward.
Thank you .
So we did eventually get a push down however price is now at the low .
My idea now is to look for a possible continuation and look for a trade .
Thank you