[GOLD] Sell Limit - 06/06/2022 - New York Session

6 giu 2022

I went about this trade a little bit different than usual. I noticed that Gold had been consolidating within a zone while pushing an overall bullish movement. I drew some trendlines and believe that the market is going to retest that 61.8 retracement before continuing up. I have decided to trade with the trend and since it is still consolidating within that zone our current price is underneath that trendline. I believe that the gold market is going to respect the trendline, and retrace to around the 38.2 zone and then continue down to retest that 61.8 zone on the major structure.