xau/usd pending downard

31 Tem 2023

the gold market is still under a supply zone , meaning more pending sell orders looking at weekly and the daily chart. then the 4hrs and 1hrs shows that market is going through a retracement to fill the order block at 1970.84 before resuming the a downtrend towards 1910.18. my opinion would be wait for a change in character in 15mins time frame to join the next downtrend

like and comment if you agree,
and watch out from news because this week is full of them!!