GOLD ANALYSIS FOR 18TH NOV
🔸 Market Analysis:
Daily Time Frame: Price is rejecting a significant daily order block, aligning with the overall downtrend.
Structure: The market is creating a series of lower lows and lower highs, confirming bearish momentum.
Momentum: A strong bearish push suggests the potential for an upside retracement before further continuation.
🔸 Key Insights:
Scenarios Highlighted: I've marked two possible price movements on the chart.
Confirmation is Key: Always wait for clear retracement confirmations or valid breakouts before taking action.
Plan Your Trades: Trade according to your strategy, ensuring proper risk management.
💬 Questions? Drop a comment if you'd like analysis on any other asset or clarification on this setup.
Daily Time Frame: Price is rejecting a significant daily order block, aligning with the overall downtrend.
Structure: The market is creating a series of lower lows and lower highs, confirming bearish momentum.
Momentum: A strong bearish push suggests the potential for an upside retracement before further continuation.
🔸 Key Insights:
Scenarios Highlighted: I've marked two possible price movements on the chart.
Confirmation is Key: Always wait for clear retracement confirmations or valid breakouts before taking action.
Plan Your Trades: Trade according to your strategy, ensuring proper risk management.
💬 Questions? Drop a comment if you'd like analysis on any other asset or clarification on this setup.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.