Gold Analysis and Trade Idea
GOLD was pushed lower ar consolidation zone. Bulls are clearly running out of steam.
The market rejected the resistance three times, and the level held the price.
If you notice that the price action is printing a possible head and shoulders pattern.
We expect a pullback from the confluence zone; the resistance at 1935–1930 + 50% fibo + dynamic resistance cross.
The market rejected the resistance three times, and the level held the price.
If you notice that the price action is printing a possible head and shoulders pattern.
We expect a pullback from the confluence zone; the resistance at 1935–1930 + 50% fibo + dynamic resistance cross.
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