Gold Watch Monthly Chart FVG Reaction

13 de nov.

Gold had a big positive line last month. The closing on the last day of October and the anticipation of the US election on October 31 triggered a decline. This decline is not a peak, but the combined effect of time, events, and structure; it is the November K on the monthly chart. The inevitable trend of the line: last month's big positive line, at the beginning of this month, the sub-level of the monthly line must have fallen. At present, the order block rebound at the key position of 2600 institutional fund buying needs to be observed for 3 days. Waiting for the weekly chart to close above 2600, it means that the next two weeks will be mainly bullish. As for whether 2790 will break through again before the end of the month, it doesn't matter. Sooner or later it will break. Last week, the 2644 order block rebounded and then fell to the key position of 2600, indicating that the level of the 2644 order block was not large enough to constitute a large-scale rebound. At the same time, the monthly line