If you are tracking XAUUSD (GOLD in USD), realize that we can have further southward move on gold. The technicals on the H4 time frame are synced for further southward move perhaps with an initial target around the 1319.80/1316.80 zone, which may expose the 1304.80 handle in the days ahead. However, as price action is far from the mean, we may have a brief northward pullback before a sustainable bearish momentum. It is important to note that the larger picture (e.g. on W1 tf) has price action operating in an ascending wedge/triangle.
I may be wrong. Trade safe and prosper.
KP
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money