Hello traders it seems like gold finally decided the direction and its a sell ,
the price broke a big support which also played a role as a Neckline for the head and shoulder formed last week.
since the beginning of the month the price failed to create a higher high and broke above the 2000s despite a negative NFP for the dollar.
this indicates the strenght of the sellers and a CHoCH in the trend.
my entry plan for the days ahead is to wait for a retest on the neckline and enter on the yellow area market ahead that area represent a possible retracement zone according to fibbonacci.
am looking for a Sell on the 1975-1980 Area.
trade safe guys!
the price broke a big support which also played a role as a Neckline for the head and shoulder formed last week.
since the beginning of the month the price failed to create a higher high and broke above the 2000s despite a negative NFP for the dollar.
this indicates the strenght of the sellers and a CHoCH in the trend.
my entry plan for the days ahead is to wait for a retest on the neckline and enter on the yellow area market ahead that area represent a possible retracement zone according to fibbonacci.
am looking for a Sell on the 1975-1980 Area.
trade safe guys!
