As mentioned earlier, the gold price showed up around 4222 with a third sell
Last night, I also mentioned this on Discord
After the third sell, there are two possible scenarios
The first is the black-line move: after the third sell, a bearish divergence appears with a new low
The second is the yellow-line move: after the third sell, it doesn’t make a new low and instead turns into a second buy
At the moment, it looks like the market has chosen the yellow-line path
So how do we get involved?
The pullback after the third sell—i.e., the “near-type second buy”—is an excellent entry opportunity
Did you understand?
Last night, I also mentioned this on Discord
After the third sell, there are two possible scenarios
The first is the black-line move: after the third sell, a bearish divergence appears with a new low
The second is the yellow-line move: after the third sell, it doesn’t make a new low and instead turns into a second buy
At the moment, it looks like the market has chosen the yellow-line path
So how do we get involved?
The pullback after the third sell—i.e., the “near-type second buy”—is an excellent entry opportunity
Did you understand?
