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Gold ranging note
Either breakout below or bounce off support.
Focusing on the 1hour candle close for the setup, price has failed to close below 1782 strong support if that breaks then it’s invalid unless price closes back within the range.
Also price has almost met the support of the purple trend channel… within the trend channels I jotted on the last post, if price does break below this range support could reach the purple support then climb up fill imbalances or just keep dropping fill imbalances lower.
Took a while to jot that down fudge knows what golds just done
Focusing on the 1hour candle close for the setup, price has failed to close below 1782 strong support if that breaks then it’s invalid unless price closes back within the range.
Also price has almost met the support of the purple trend channel… within the trend channels I jotted on the last post, if price does break below this range support could reach the purple support then climb up fill imbalances or just keep dropping fill imbalances lower.
Took a while to jot that down fudge knows what golds just done
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