After yesterday's news regarding the situation between Ukraine and Russia, Gold broke through the major levels of resistance with ease. Today the market retraced the entire move and has closed bearish right back into the range. If the lows on the current daily candle begins to break, there is a high probability for a bearish continuation. Be mindful of any breaking news during the Asian or London session. I believe the market will continue bearish to test 1898.60 and then possibly 1891. We will see what happens during market open.
1.Price had a strong rejection from two major levels of resistance and closed below.
2. Looks like the next daily candle has testes the level of resistance and rejected 1914
3. If the daily begins to breaks its own low, price could continue bearish to retest the wick.
*.Keep in mind the news going on with Russia and Ukraine. Another report like yesterday evening can cause volume during the Asian session/London Session
1.Price had a strong rejection from two major levels of resistance and closed below.
2. Looks like the next daily candle has testes the level of resistance and rejected 1914
3. If the daily begins to breaks its own low, price could continue bearish to retest the wick.
*.Keep in mind the news going on with Russia and Ukraine. Another report like yesterday evening can cause volume during the Asian session/London Session