We were expecting gold to reach higher but there hasn't been much momentum. Therefore, we are anticipating a reversal. We have a major economic news tomorrow - FED speech. Look for momentum towards the downside and enter on corrections.
Do you still think Gold will come down as said in the analysis?
WicktatorFX
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@Albertino2, waiting for New York open tomorrow to see how the speech affected USD institutional players
Albertino2
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@Wicktator, noted. thanks Bossman
AbdulraheemFx
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But we broke out of the trendline in a corrective manner
WicktatorFX
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@AbdulraheemFx, we’re expecting a small move up and then impulsively breaking the 1760 level which will validate our reversal set up. Very good observation brother! 👍🏼