(1H):
The price here turned out to be trading in a corrective structure to the upside, which was eventually broken to the downside, following the overall trend direction.
This is a nice potential opportunity for us as we are now waiting for the retest of its previous swing low. If we get a nice bearish rejection from there, i will be entering a sell position. This would be aligned with the gold bullish bias and the overall USD devaluation
The price here turned out to be trading in a corrective structure to the upside, which was eventually broken to the downside, following the overall trend direction.
This is a nice potential opportunity for us as we are now waiting for the retest of its previous swing low. If we get a nice bearish rejection from there, i will be entering a sell position. This would be aligned with the gold bullish bias and the overall USD devaluation
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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.