Gold has been one of the uncertain commodity in the fore market lately especially for Day traders. The Commodity has a high volatility and its Liquidity is appropriate too. But for this week we are not yet certain the trend it will take. But looking at the chart closely, Gold might further drop but only after it has broken the ORDER BLOCK. Otherwise a buy sell...
Price is consolidating around our Resistance level. Using a Fib. Retracement tool, we are expecting price to give us a retracement of 0.61. This is so because using the H4 TF, we saw a divergence using our CCI. SO we wait for a breakout of the moving average in our H1 TF before taking the Sort Trade. #CHARLES D'GREAT