Although gold has a bright bullish future ahead we must first deal with the problem at hand, which is the double bottom liquidity holding at 1677.
I assume price won’t reach new highs without first taking out the planted buyers at the lows.
Gold tapped into the 50% retracement of the daily sell-off, I don’t think this pullback is sufficient, I would like to see a further pull back into the 70% retracement to close imbalance before heading down.
I assume price won’t reach new highs without first taking out the planted buyers at the lows.
Gold tapped into the 50% retracement of the daily sell-off, I don’t think this pullback is sufficient, I would like to see a further pull back into the 70% retracement to close imbalance before heading down.
