As expected from previous analysis (see previous idea), gold is approaching sell off zone. Weekly bearish candle rejection at resistance is too strong to ignore. We might see a drop from the sell off zone.
Zlecenie aktywne:
Sell off as expected. Daily bearish pin bar can lead to pullback next week. Due to season holiday, the market is expected to be slower. If pullback occurs, next target is fibonacci retracement 50%.