Hello people,
My take on gold is simple, 4h mark we are still bullish but then going down in time frame we can see a stong bear market, which is directly heading towards a strong trendline (trendzone if u prefere) near 2370
Before going there, we go down in time frame again in 30min, there we see
a strongbull market going on, I marked some potential Equal hights (EQH?)
which we could be going for, and as a tp(Take profit) I would be targeting my POI 1H
WHY?
It could be a strong liquidity zone that could atract higher prices
We sa a similar case happening at my upper POI 1H if you take a better look
In smaller time frames again 15min, we could be bouncing on strong smaller zones 2410 which previously kept the price either from going down or up
Let's see, I am sceptic too but I trust my feeling and my eyes
!! This is not a motivation to copy trade, these are my thoughts and ideas only, its all pure speculation, (I still hope you learn one thing or two with my analisis) !!