Gold is waiting to break past any of these levels, either to the upside or downside. There's a lot of dollar news that will obviously have an impact on gold, so it's best to wait for the immediate S/R to be broken and retested before entering the trade - each side, either long or short, has a good number of pips that we can secure ONLY if we are patient enough to...
Be Patient - allow the market to show its hand by breaking out of the mini range, either up or down, and execute at the retrace of S/R. Have a good trading week! :)
Market structure changed to the downside after touching 1.36000 and this is a great signal for the market to continue south. After meeting support, even though we are strongly bearish, I anticipate the market to break past the previous LL at 1.35116 and retrace before we join the train south.
