Gold market breakdown 12-11-2021
Gold / 4H
Gold recently broke a major key level with a valid breakout which puts our bais bullish for the long term.
But, before continuing up the price has to fill in some imbalance.
We expect 2 scenarios :
Bullish: continuing up by breaking the new structure.
Bearish: Breaking the 1h structure formed as a bullish channel to pull back to some key levels.
Trade safe,
Trader Leo
Gold recently broke a major key level with a valid breakout which puts our bais bullish for the long term.
But, before continuing up the price has to fill in some imbalance.
We expect 2 scenarios :
Bullish: continuing up by breaking the new structure.
Bearish: Breaking the 1h structure formed as a bullish channel to pull back to some key levels.
Trade safe,
Trader Leo
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