As stated in last weeks forecast. Gold has been making lower lows and lower highs. Will this keep trending down? The probability of the monthly and Daily imb above @
$1770 - $1815 getting filled is highly likely. I will look for short term continuation long trades to this area. This was a petty corrective week on the HT's. I will wait to see how PA react to those specific areas highlighted before entering a trade short. If I see a nice continuation pattern around the Asian ranges for long I will enter that too the $1780 above. There is some IMB around the $1900 level which could be a nice long term trade.
$1770 - $1815 getting filled is highly likely. I will look for short term continuation long trades to this area. This was a petty corrective week on the HT's. I will wait to see how PA react to those specific areas highlighted before entering a trade short. If I see a nice continuation pattern around the Asian ranges for long I will enter that too the $1780 above. There is some IMB around the $1900 level which could be a nice long term trade.
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