Hi Traders! Gold sell opportunity update and follow up is here. In the previous post here I mentioned that “On the H4 chart the price is currently moving higher, we also have a critical zone that has formed based on the cycle and the price has currently reached this critical zone. Hence everything looks good here for the bears and we may now start looking for evidences of bearish pressure in order to join the bears”. Lets see how this setup has developed now:
Gold H4 Chart:
On the H4 chart the price moved exactly as per our plan. The price which was moving higher reached the critical zone and moved lower as we expected. We have collected nice profits so far.
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