Let See before the Network market open , we may see further down movement TOto1622 as A very strong support to go up again and continue bulish structure.
We have two strong zone that each can be a support to go up again to the blue target line identified.
wait to retest that zone with 35 pips Sl and 240 pips TP. 3:30 P.M building permit new is not that much strong to create something volatile in the market. Gold has to go down to complete his bearish move
We are ahead of some major event today and Friday. If we see stronger Consumer confidence and Jilts Openings , NFP data we will see further down might go down to 1700$ level.
The strong move before that left a nice void that make the price go back to. It's nice to take a short here with high probability.
Overall I think dollar index on HTF is on bearish channel and I see a downward move here to below level. What do you think , leave a comment below!
Nice buy zone to go up again to 1800 level. this OB is strong and I see a retest to that level I marked.
as we have a BMS on H1 and 15 minutes to become uptrend. I expect that retest to go up again. But remember today we have a CPI that expected to have lower CPI than before that make our buy option at risk. Please be cautious that on higher TF we have a probability of going down to 12,901 and 12,553. Consider proper risk management and leave a comment below if...
Ahead of CPI data , I expect a up move to 1804 level then go back down to 1770 level. First we need to break above 1796 to reach 1804 or maybe to 1815 then but 1804 level is go along with 61.8 of Fibonacci retracement.
We are now on a bullish trend and we may see the price go down to the marked zone as a zone to start a bullish trend. The target may be far , you can refined it to a near target as you happy with.
If M15 candle broke this line we may see a pull back to the above zone and continue down. The above two zone is a highly probably drag gold down.
A market already became bullish and we see a pull back is coming to our zones. We can take it as we see a confirmation on M5.