longer projection is that its on a downward trend to target level 2274.
Right now as i am posting this, gold is between two different orderblocks
there is one at 2314 that is pushing it back to an upwards trend.
but there is a larger bearish Orderblock above that at 2343.53 pushing it down.
so at the moment its in a ranging momentum. it might break free out of this ranging momentum later with news or next week with FOMC.
mainly looking at h1 timeframe but larger analysis on h4 .
Right now as i am posting this, gold is between two different orderblocks
there is one at 2314 that is pushing it back to an upwards trend.
but there is a larger bearish Orderblock above that at 2343.53 pushing it down.
so at the moment its in a ranging momentum. it might break free out of this ranging momentum later with news or next week with FOMC.
mainly looking at h1 timeframe but larger analysis on h4 .