as I mention in my previous forecast, gold would be bearish, this is because the previous weekly candle close below the trend line, and this week shows the bear is already in control, of course this situation is followup by covid19 virus which cause panic in the market ,this matters lead market crash even for gold, from what I see gold would not recover its bull again from now, but aware for the lower high from upcoming market retest ,and before its rally for more bear again, market makers as usual would eliminate the stop loss to make sure the opposite direction has no power over the bear market. will update for more soon!!
Kommentera:
yeah that's the retest Coution of stop hunt for now.. let's get in when stop hunt session starts.