Following Golding melting period
Gold has been on a strange volatile cycle, so traders BE WARY! It's been on a nice downslope since Friday January 10th 2024 (NewYork) session and as it's making it's descent into lower area's & zones while keeping structure of it's LowerHigh's and LowerLow's points it seems to have more volume that will be built up.
*** KEY ANALYSIS ***
Anywhere that gold closes below my zone at 2030.03 i would short for 120 points.
- re-sells at my upper levels of the zone 2033.89 & 2035.60. I would also have stops above 2035.60 on a 30M candle frame.
signals:
XAUUSD - DT- (Downtrend) 📉
Market Order — SELL 2026.62
Target: 2025.42
*** KEY ANALYSIS ***
Anywhere that gold closes below my zone at 2030.03 i would short for 120 points.
- re-sells at my upper levels of the zone 2033.89 & 2035.60. I would also have stops above 2035.60 on a 30M candle frame.
signals:
XAUUSD - DT- (Downtrend) 📉
Market Order — SELL 2026.62
Target: 2025.42
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