JUST WHAT I THINK IS GONNA HAPPEN WITH GOLD

25 באוג׳ 2021

I see a bearish order block on the 1 hour time frame; it's not hard to see. The bearish engulfing candle that followed it was pretty large leaving a lot of imbalances in price which need be filled. The upward movement prior to the massive bearish engulfing candle had broken the previous high, then there was an impulsive downward movement in price, and the movement broke market structure with ease. So, for me, I think that's an important area to be interested in. As always, this is not a financial advice.