Micro Gold Futures
Panjang

gold is at a decision point to continue upward or retrace furthe

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1->3 : creates solid major buyers in number 2 , if price closes below number 2 this is obviously invalidated and sellers are showing their hand now

3->4 : we return back to number 2 buyers

what do I think will happen next ?

* if number 2 buyers can prove themselves, this could be a very good market edge for the buyers to push the market higher, conversly if we push below number 2 , we would wait for a pull back below to other support, as the uptrend is too strong to consider a full on reversal

* frequency shifted obv return is possible and using that support to predict buying orders,

* hidden bullish rsi and mfi

Penafian

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