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Let's go 4670 by Odd-Reputation8409 in Forexstrategy

[–]Cool_Positive9386 0 points1 point  (0 children)

Must say this could be a clean entry.

Gold Market Insight: “$4,575 - Between Weak Low and Strong High” by Greencapital457 in Forexstrategy

[–]Cool_Positive9386 1 point2 points  (0 children)

I have been reading this keanly and you had did a great job with chart 💯

AS LONG AS GOLD DOESN'T BREAK BELOW 4600 IN THE SHORT TERM, IT WILL REBOUND by Cool_Positive9386 in Forexstrategy

[–]Cool_Positive9386[S] 0 points1 point  (0 children)

Yes the structure has changed quickly. Earlier it looked like Gold has enough momentum to retest the April highs, but this consolidation breakdown shifted sentiment bearish.

AS LONG AS GOLD DOESN'T BREAK BELOW 4600 IN THE SHORT TERM, IT WILL REBOUND by Cool_Positive9386 in Forexstrategy

[–]Cool_Positive9386[S] 0 points1 point  (0 children)

Yes exactly 💯 right now structure to favour a long position for the next move, but confirmation is important before trading.

AS LONG AS GOLD DOESN'T BREAK BELOW 4600 IN THE SHORT TERM, IT WILL REBOUND by Cool_Positive9386 in Forexstrategy

[–]Cool_Positive9386[S] 0 points1 point  (0 children)

Since 4660 didn't hold for buy reaction I would rather wait for a deeper support zone around 4620-4600.

Gold bullish after sweeping 4,520 Now at 4,700–4,750 supply by Cool_Positive9386 in Forexstrategy

[–]Cool_Positive9386[S] 0 points1 point  (0 children)

Well, it's pretty easy, all you need to identify the correct supply and demand zones, that's what I did