Morning traders, something on the cards this week, now we are right in an area of confluence to go long, looking for that lower time frame change in structure and impulsive push to the upside.
However something to be aware of looking at the whole picture, if you jump onto the weekly price this is now in a bearish trend, forming lower highs and lower lows, and if we continue to get USD strength this week its very possible that gold will continue further to the downside.
Hope everyone has a good week, some interesting set ups playing out.
However something to be aware of looking at the whole picture, if you jump onto the weekly price this is now in a bearish trend, forming lower highs and lower lows, and if we continue to get USD strength this week its very possible that gold will continue further to the downside.
Hope everyone has a good week, some interesting set ups playing out.