Gold Setup Idea: Pre New York (Oct 5, 2022)
Analyzing price action from the past 2 Sessions, Asia and London, I see bears stepping in. The Bulls are hitting daily resistance and may need to breathe. Asia and Pre-London both retested the high formed, both Monday + Tuesday were very bullish days, so I am not going to be surprised if we see a Bearish NY session today, or possibly some consolidation. But what I am looking for is price to break the 1H Support, and then form a LTF resistance; once the resistance low is broken I will enter my short trade assuming the range is still 50+ pips.
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