GOLD NFP ANALYSIS
Gold created Supply waiting for price to enter that area and close with a rejection. Affirming that price would be dropping. I had another confluence: if price closes below 1789.675 shorting gold would be a worthwhile opportunity.
Price was forming and in an ascending channel; another confluence that price would be breaking in the near future.
TP1: 1784.975
TP2: 1769.930
RR: 27.15:1
Price was forming and in an ascending channel; another confluence that price would be breaking in the near future.
TP1: 1784.975
TP2: 1769.930
RR: 27.15:1
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