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Gold Takes out previous weeks low? demand zones been failing.
u/Comfortable_Leg_6962 — 8 days ago

Gold chopping tighter around 4700-4675, clearing stops both ways. maybe Sydney/Tokyo brings the breakout. Still leaning bullish for Gold to move towards April high.
waiting for a demand to form here, Gold took out prev day high and is currently sitting at weekly open and below 50% of prev day. There's also a possibility of a continuation head and shoulders to be formed here.
Currently practicing with my custom indicators (one is currently hidden on chart). It looks like some key levels, and a demand zone is holding. what is your observation?
My guess is that chop till after nyse open today.