As Gold has pushed up towards our $3,416 zone which I said would happen on Monday, I have re-analysed the charts & put in a new yellow 'supply zone' of where sellers should hold price & start declining.
Gold is still holding below our Wave 2 high ($3,451) which is a good sign. But, if Wave 2 high is taken then bearish structure is invalidated & we can start looking at buy trades.
Gold is still holding below our Wave 2 high ($3,451) which is a good sign. But, if Wave 2 high is taken then bearish structure is invalidated & we can start looking at buy trades.
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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.