From the start of sharing my ideas of Gold, price has been moving in my direction thus far. Price came down to one candle I was targeting for a short term long where the bearish momentum can continue long term.
On the far left, where it is highlighted, was the candle I had my eye on a gold to do a short buy up until that last green candle. The last green candle I marked as Weekly Banker Candle, where I expect price to pullback to. I see this area being the are where I can expect Gold Bearish Momentum picking up as Gold Overall has been a Bearish Market from the very first time I shared my thoughts (September 14, 2022. Price was at 1693 when I first shared)
With the Fed rate hike cycle domination, USD Strengthens, Equities and Commodities are bearish.
As I was back tracking the gold movement as far as 2006, I spot a FVG at around 1360, which has not been filled ever since, as market kept going up and up. This are is also very close to where I had marked up as a potential area where price can drop to. The lowest I can see price dropping to, which is giving me a stronger confirmation that gold can tank to that area. 1300-1360 or so.