Gold intra-day setup
Advancing my gold trade following a support zone retest.
Persistent selling pressure propels this trade, grounded in a fusion of price action psychology and fundamental analysis.
Yesterday, an attempt to establish a new all-time high ended in a fakeout, falling short of a candle close above $2071. Consequently, profit-taking ensued, allowing bears to seize control.
My strategic focus centers on key levels, notably at $1988 and $1954. These levels hold paramount significance, and my target is set on navigating toward them.
Persistent selling pressure propels this trade, grounded in a fusion of price action psychology and fundamental analysis.
Yesterday, an attempt to establish a new all-time high ended in a fakeout, falling short of a candle close above $2071. Consequently, profit-taking ensued, allowing bears to seize control.
My strategic focus centers on key levels, notably at $1988 and $1954. These levels hold paramount significance, and my target is set on navigating toward them.
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