Simple analysis for Gold to continue dropping to the Supply Zone @1828.
Confirmation. 1. Breaking Support once again @1838.50 Closing below it and rejected afterwards. 2. Retest and rejected. 3. EMA's Acting as resistance both (9&21) Keeping the sellers momentum strong. 4. USD seems to possibly gain strength showing signs of reversal for EURUSD and USDJPY. Giving me a feeling it will continue dropping.
CONS: Since this is the last day of the week buyers may want to close this candle with a wick so can get stopped out.
NOTE: Very SMALL RISK
Komentar
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Trade is now risk free after dropping 20 pips+
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TRADE HIT RISK FREE, OUT going to bed since its 10:36pm. Rather wake up to NY session with no open trades.