I am not expecting a big move from gold just yet however for now we might have price push higher for the retest before it can push lower to continue with the big consolidation between 1794.26 and 1761.80 on the h4 or price could continue going higher as a level has been created at 1772.50 which it has tested a couple of time times so we might see price ranging for quite some time around this area and we use this range to our advantage hence the buy.
price created a range at our support, London opening made a breakout. we just have to be careful that price could come lower to swipe out all stop losses before pushing higher for the resistance. if price fails to stay above the range that was created during Asian session, you have to be careful, price could drop.
price created a range at our support, London opening made a breakout. we just have to be careful that price could come lower to swipe out all stop losses before pushing higher for the resistance. if price fails to stay above the range that was created during Asian session, you have to be careful, price could drop.