Hi All , positing my usual Sunday analysis earlier this weekend ! Since I know some of you eagerly await.
Ok so , we watched a lot of slow and cleans moves from Gold last week due to no high impact economic news . This gave traders time to make more relaxed entries and exits. Which was nice for a change !
Moving forward what can we expect ? My analysis based on 1H and 4H TF tells me Gold will continue plunging downwards and creating a deeper descending Channel with lower highs and lower lows. Retest of 1750 is possible. looking for shorting if price rejects resistance 1808
I maybe wrong! Im not Nostradamus after all
Ok so , we watched a lot of slow and cleans moves from Gold last week due to no high impact economic news . This gave traders time to make more relaxed entries and exits. Which was nice for a change !
Moving forward what can we expect ? My analysis based on 1H and 4H TF tells me Gold will continue plunging downwards and creating a deeper descending Channel with lower highs and lower lows. Retest of 1750 is possible. looking for shorting if price rejects resistance 1808
I maybe wrong! Im not Nostradamus after all