GOLD (XAUUSD) Weaker and Weaker!!! What's Next???

12 בספט׳ 2020

Gold is becoming weaker and weaker.

lower highs are closer and closer to a yellow horizontal daily structure support .
this trading week the market was phenomenally slow and we didn't see even 1 strong bullish / bearish candle.

currently, it is better to stay away from gold and wait until the market will start moving.
I am waiting for a high momentum bullish / bearish candle to break either current structure support to the downside or the last lower high level to the upside to look for some opportunities.

for now just patience.
let's see how long the price will keep being paralyzed.