Gold after 5.6% retracement
Updated
after massive pull back of gold bears record breaking 5.6% in a day...
the bias still on bull side long term, but looking on high TF bears might target the gap at 1740-45...
each support/resistance zone has to trade according to price action...
the bias still on bull side long term, but looking on high TF bears might target the gap at 1740-45...
each support/resistance zone has to trade according to price action...
Note
bears has momentum below mib BB, position short 1929-32 TP 1850 and lower
bulls will take control above mid BB, position long 1942 tp 1970-2000
take trade on level depend on PA...
Note
its been a while haven't update this pandemic range...
gold to look for more lower price...
with inflation help, dollar strength way too strong...
we have REE Sell set up on daily...
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