GOLD hasn't been on my watch lately, as I thought price hasn't develop anything that would fit my plan to enter.
Now, the recent development is interesting and we could potentially get some bearish bias in the market that can confirm downside.
What we are seeing here is some pattern separation of the price. After the initial bullish up move, price failed to continue higher, instead a bearish reversal impulse down.
The latest price action shows us the price is in yet another consolidation, but more ascending like. Good indication of a bearish down move when price finishes correcting.
Watch for lower time frame downside, follow by continuation before entering.
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I don't think gold is going to drop, from the higher time frame perspective is slowly climbing for a retest of highs and I do believe it will continue..
jojofang0901
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@MarcinHarasimFX, of course anything is possible, so I am jst waiting for certain development to happen before any entries. If price does not develop then no entry and move on to other opportunity thx