Red arrow is least likely to happen because it's too much of a perfect setup, meaning that scenario is what we WANT the market to do. Always try to think that the market is trying to take your money and it's your job to prevent that.
Blue arrow is more likely to happen because we are in a slight downtrend, and in downtrends we know that we create lower highs, and lower lowers then retest previous supports as resistance. That is what I think the market is going to do with Gold.
Blue arrow is more likely to happen because we are in a slight downtrend, and in downtrends we know that we create lower highs, and lower lowers then retest previous supports as resistance. That is what I think the market is going to do with Gold.