It was a long wick H4 pin bar candle when it tests the 1818 zone, a strong indication of rejection. Currently, I believe Gold needs a retracement based on technical analysis.
Catalyst: This week - US Jobless claims - US PPI
Next week - CPI - Treasury Currency Report - Sales data - G20
PS: Please don't trade this analysis blindly, do your research before you enter the trade. I'm too busy with my clients, and I'm not going to share the updates.
Your retracement can be a legit swing strategy if there is no bull support this coming week 👍 On the Daily TF @ 1770 seems a much more prominent support/resistance zone for a second target though.
I have been never disappointed by your analysis, thank you.
GoldCartel
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@Scena, Thanks for the feedback, and I'm glad if it helps. My analysis has some errors sometimes, so please always reanalyze it. Feel free to share your drawing when you have a chance. Have a good day