Gold has been bearish for the day, so we looking to follow the trend.
gold will be approaching and minor supply zone, which could send it down ,however we have a demand zone there that has shown strong resistance to take the chart down.
we have broken a previous trendline which is still in play thats why we have that take profit.
what we wait for?
1.Rejection of zone or trendline .
2.Bearish candlesticks patterns
3.High volume of bears entering the market.
i will take sells now to avoid volatility in spreads at 3:30.
gold will be approaching and minor supply zone, which could send it down ,however we have a demand zone there that has shown strong resistance to take the chart down.
we have broken a previous trendline which is still in play thats why we have that take profit.
what we wait for?
1.Rejection of zone or trendline .
2.Bearish candlesticks patterns
3.High volume of bears entering the market.
i will take sells now to avoid volatility in spreads at 3:30.
Comment:
almost by take profit already!!!!!