GOLD has a big change to repeat the fractal it had 10 years ago when it made a new all-time high followed by a big correction move.
It can take a few monts ofcourse but the long term bias is very bearish.
About this trade:
4H supply zone
Imbalances on the 1min that need to get mitigated
Fib 61.8%
Possible 3rd touch trendline
Strucuture level retest
Price expected to move towards strong demand zone 1730
Entry: 1781
SL: 1785
TP: 1727
It can take a few monts ofcourse but the long term bias is very bearish.
About this trade:
4H supply zone
Imbalances on the 1min that need to get mitigated
Fib 61.8%
Possible 3rd touch trendline
Strucuture level retest
Price expected to move towards strong demand zone 1730
Entry: 1781
SL: 1785
TP: 1727