GOLD OUTLOOK (UPDATE)
Gold is generally still bearish, but we might see price invalidate the high we expected to sell of from in the previous post. This is because Friday's Candle created an OB signifying higher prices. This means that price could most likely use the previous high as Inducement into the FVG above on the 4HR TF because selling.
Also, (I missed this before) but price is at the 50% Fibonacci level. This means that, the high is most likely Inducement. Let's see what plays out.
What's your thought?
Also, (I missed this before) but price is at the 50% Fibonacci level. This means that, the high is most likely Inducement. Let's see what plays out.
What's your thought?
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Disclaimer
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.