Gold Lower Following FOMC Release, Still Within A Consolidation phase.
Gold broke trend line yesterday and touched today $1937 area.
candles show very strong bearish pressure.
Moreover 4H closed below 50MA. This shows some bearish Bias.
Where to Enter for sell?
Enter at retest of broken structure btw $1947 to $1957.
0R
Best entry at when market breaks and place 4h below $1937.
Goals:
$1920
$1920, 1980
Every system has a limitation!
Gold broke trend line yesterday and touched today $1937 area.
candles show very strong bearish pressure.
Moreover 4H closed below 50MA. This shows some bearish Bias.
Where to Enter for sell?
Enter at retest of broken structure btw $1947 to $1957.
0R
Best entry at when market breaks and place 4h below $1937.
Goals:
$1920
$1920, 1980
Every system has a limitation!