Looking at Gold's recent interaction with 4H Heffae Cloud, it looks to be strongly path-fitting within the tight bounds of the cloud body.
This is a nice looking formation, and gives a lot of validity for the 4Hr paths above and below price for the next interaction. I believe the local bottom will materlize at the same level as cloud twist, with price finding support on top of the cloud "cup" prior to the twist.
After this, it may continue for another leg down, as longer timeframes look extremely bearish.
This is a nice looking formation, and gives a lot of validity for the 4Hr paths above and below price for the next interaction. I believe the local bottom will materlize at the same level as cloud twist, with price finding support on top of the cloud "cup" prior to the twist.
After this, it may continue for another leg down, as longer timeframes look extremely bearish.
ノート
It dipped a little below the bottom I called, but accumulation at that level would have you up 1.6% in a day. Heffae Clouds FTW!
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