XAUUSD Gold downtrend
GOLD
The market is in range zone after impulse move down. The price rejected the resistance zone. I think it might go down to retest the support level because the market might continue ranging before making new high or low. Price action formed engulfing candle which is sign of the resistance rejection. My goal is the support level at 1939.
The market is in range zone after impulse move down. The price rejected the resistance zone. I think it might go down to retest the support level because the market might continue ranging before making new high or low. Price action formed engulfing candle which is sign of the resistance rejection. My goal is the support level at 1939.
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