gold has been ranging for quite some time now and this isn't just a short range, this is a bigger timeframe range. right now price is somewhat at a strong support since price had to break that resistance (now support) last week for it to reach our high of the range. if this h1/4hr candle can push a little bit lower and close bearish we should see some drop happening to our range support.
a bit of a range or a high (high created during Asian session) retest might happen before the actual drop to give price a bit more structure.
a bit of a range or a high (high created during Asian session) retest might happen before the actual drop to give price a bit more structure.