Gold has been moving in a range box today, forming a high and hl with equal Lows
Its very important where daily candle closed today and its closed in a neutral state, shown as orange box on charts
Price would need to break on either side to determine a sell or buy.
According to market structure price could still move lower, correct itself and move up.
A downtrend would only be confirmed if both upward trendlines are broken
Its very important where daily candle closed today and its closed in a neutral state, shown as orange box on charts
Price would need to break on either side to determine a sell or buy.
According to market structure price could still move lower, correct itself and move up.
A downtrend would only be confirmed if both upward trendlines are broken
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Lower zone touched as per analysis.
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