A “Trumping” Good Week – 9th/13th January
On Friday, gold made a very fast move down into 4 hour demand and bounced a few points. These fast moves or liquidity gaps often get retraced.
We could test deeper into demand at around 1213, but I’m looking for a bounce to at least first supply between 1253-1264. I have some further supply zones above that and will look for lower timeframe entries back into the short bias around those areas.
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