Gold analysis

26 ביוני

Im currently seeing a bullish setup incoming. Price is overall been pretty bearish lately and has given us our first big retracement since the massive rally to the upside. Last week, price tried to correct the imbalance that was left during the meltdown. When it tapped into the daily reaction order zone it shifted structure and descended. It then broke structure and then we have a retail zone of support which we see it has broken. It looks like its creating a lower high at the moment, but I have 3 buy zones, with the first one being the most probable one, and we can see price has tapped into it. There will be some volatile news around 3pm so look so be weary.