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#Gold Structure: 3 Black Crows CandleStick Pattern on Daily, Taking Support at Previous Horizontal Support(2393), Taking Support at Rising Trendline on 4hr.
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$Gold Structure: Huge Breakdown after Dark Cloud Cover on Daily, Previous Breakout Retest.
Intraday Strategy/Trend: Buy on Support till 2420, After Break of 2420 Sell, Sell on Rise
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*KEY POINTS*
#WTI price extends losses as the US Dollar improves due to increased risk-off sentiment.
#Oil traders wrestle with mixed signals regarding global demand concerns and rising expectations of the Fed reducing rates.
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_*Gold Technical Analysis :*_
#Gold has broken above its previous range, reaching a new all-time high. This suggests that the metal has finished consolidating sideways and is now restarting its upward trend.
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