Currently, gold is experiencing a bearish market scenario, with fluctuations in its price witnessing a state of imbalance. Employing a swing trading strategy suggests waiting for the price to rebound to the $2400 mark before executing a sell order.
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Based on this analysis, the Gold market from May 6th - 10th is expected to remain bearish until it hits the 2200 level.
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Not financial advice:
Gold is currently in the Block Order Zone. As planned, I will sell with a profit target at 2300 which was the previous Liquiditi area.
Gold is currently in the Block Order Zone. As planned, I will sell with a profit target at 2300 which was the previous Liquiditi area.