Gold is currently making lower lows, signaling a potential selling opportunity. This pattern suggests bearish momentum, as it breaks key levels, including Fair Value Gaps (FVG) and Order Blocks (OB) on the 15-minute time frame. Each instance of price revisiting these levels offers an opportunity to enter short positions, aligning with the ongoing downtrend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.