I truly believe we are going to see another leg down to finalise a large stop hunt on buyers.
Once breakout and demand buyers have been taken out of the market, there is a high chance that we will see the true buy move come in to sweep the equal highs.
Gold is definitely one to watch out for! Avoid touching it until we get out of this messy range on the lower timeframes.
Please let me know your thoughts in the comments π¬
agreed i think it will try to push a bit higher at open but that could get rejected, i think its likely going to break down from 1800 and touch that major support around 1775/1780
AlkalineFX
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@GreatBull, I agree with you, great outlook.
AtlasTrades
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exceptional XAU/USD analysis, thanks brother, I think up