One of my favorite set-ups.
Equal levels on both sides of market indicate indecision,
Same set-up on Friday during NFP > XAUUSD.
Whichever side the algorithm goes after first,
It will go after the polar opposite next.
Doesn't get any easier than this...
Enjoy.
Feds paused rate hikes.
Gold is in major retracement levels.
Overbought.
I expect it to reprice lower.
NFP's should be key indicator.
For confirmation.
I'd like to see it purge buy-side during NFP's.
Drop.
Create a right angled ascending broadening wedge chart pattern.
And then a retracement to the upside.
