WHAT TO EXPECT NEXT ON GOLD METAL?

WHAT TO EXPECT NEXT ON GOLD?

Price Action on Gold for the past 4 weeks has been ranging and this can be seen on a lot of time-frames from different perspectives.
On the hourly time-frame you can clearly see the sideways movement shown in the boxed area, definitely good for the Scalpers.
While on the daily/weekly time-frame, you should be able to see the previous 3/4 weekly candles stuck inside the big bearish candle from the 14th to 18th price action.
(This overall shows weakness from the higher time-frames HTF on the safe haven Gold)
Would like to see another retest of the 1865 demand zones for further clues to the downside.
For now, price is stuck in the mud and best to be an observer.

 

October 23, 2020

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