Shalom Wadu Community,
In this Video We Quickly Analyze the VERY interesting area we are currently witnessing! We are testing the Bottom of the Daily Channel Support around 1900 and this is KEY on whether we breakout to downside and head for previous swing lows around 1840 AND Target at 1820 . We can Possibly See a 200 Pip Buy to the Upside to the top of the Daily Channel around the Mid 1920s area ! BUT If and when Gold breaks down below 1890, and then 1880, it is HIGHLY LIKELY Gold will see even more down movement as seller pressure increases and brings us to our Target 1820! We must Stay Patient here, wait for Volume to kick in, and let the chart tell us first what we will do!
In this Video We Quickly Analyze the VERY interesting area we are currently witnessing! We are testing the Bottom of the Daily Channel Support around 1900 and this is KEY on whether we breakout to downside and head for previous swing lows around 1840 AND Target at 1820 . We can Possibly See a 200 Pip Buy to the Upside to the top of the Daily Channel around the Mid 1920s area ! BUT If and when Gold breaks down below 1890, and then 1880, it is HIGHLY LIKELY Gold will see even more down movement as seller pressure increases and brings us to our Target 1820! We must Stay Patient here, wait for Volume to kick in, and let the chart tell us first what we will do!