GOLD ANALYSIS FOR 18TH NOV
🔸 Market Analysis:
Daily Time Frame: Price is rejecting a significant daily order block, aligning with the overall downtrend.
Structure: The market is creating a series of lower lows and lower highs, confirming bearish momentum.
Momentum: A strong bearish push suggests the potential for an upside retracement before further continuation.
🔸 Key Insights:
Scenarios Highlighted: I've marked two possible price movements on the chart.
Confirmation is Key: Always wait for clear retracement confirmations or valid breakouts before taking action.
Plan Your Trades: Trade according to your strategy, ensuring proper risk management.
💬 Questions? Drop a comment if you'd like analysis on any other asset or clarification on this setup.
Daily Time Frame: Price is rejecting a significant daily order block, aligning with the overall downtrend.
Structure: The market is creating a series of lower lows and lower highs, confirming bearish momentum.
Momentum: A strong bearish push suggests the potential for an upside retracement before further continuation.
🔸 Key Insights:
Scenarios Highlighted: I've marked two possible price movements on the chart.
Confirmation is Key: Always wait for clear retracement confirmations or valid breakouts before taking action.
Plan Your Trades: Trade according to your strategy, ensuring proper risk management.
💬 Questions? Drop a comment if you'd like analysis on any other asset or clarification on this setup.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.