Mapping gold
Good morning everyone,
After reaching out and touching the diagonal resistance, the bulls seem to have stepped off the gas and are waiting for stronger supports. I see a multiple landing zones where buying opportunities are viable with the right set up and stop loss.
I believe the price will make its way back to the long term horizontal resistance and gather support closer to 2100 in the future.
As of right now I have sold and I’m patiently waiting for the bears to take their pound of flesh.
TP zones,
2313 and 2296
If we break through 2280 I’ll likely jump back in short after it retests ~2300.
Be patient
After reaching out and touching the diagonal resistance, the bulls seem to have stepped off the gas and are waiting for stronger supports. I see a multiple landing zones where buying opportunities are viable with the right set up and stop loss.
I believe the price will make its way back to the long term horizontal resistance and gather support closer to 2100 in the future.
As of right now I have sold and I’m patiently waiting for the bears to take their pound of flesh.
TP zones,
2313 and 2296
If we break through 2280 I’ll likely jump back in short after it retests ~2300.
Be patient
Penafian
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