Gold buys wait for retracement

11 במאי 2022

Gold created the QM pattern and will be heading towards the 1885 area. since there is an order block around 1852 wait for the price to retrace to enter into long positions. My guess the retrace will happen during London session and by the beginning of US session price might reach 1885 area. but be advised entries need strong confirmations since the higher time frames are still bearish.

Good luck
Happy trading guys