Gold sellers are dominating
|Gold sellers are dominating. Last 3 months selling on rallies was dominant strategy for positional intraday traders. Occasional longs are possible only with the strict timeframes such as 15m.
W H4 and 78.6 are making a confuence close to the previous top. 1919-1922 is the POC zone where we might expect sellers to react. If the market gets higher above 1934 then sellers will be in trouble. I expect rejections off 1911-13 zone and 1919-22 zone. Targets are 1892 and 1882.
The analysis has been done with the CAMMACD.Core System.
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