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XAUUSD
🚨 PIVOT TODAY! 🚨
TIMEZONE: BRUSSELS TIME
DAILY TIMEFRAME
The gold market has been moving sideways in a downtrend since our last projected low pivot 9 july. This happens from time to time that the projected direction is inversed and now there are 2 options.
Option 1 / Picture 1: Another cycle has caused an inversion adding an extra pivot (in red color) which causes our pivot on 9 july to be a high. This means our next pivot today should be a low in this case.
Option 2 / Picture 2: If no inverse has happened and 9 july was a low then that low must therefore be lower then the next projected date which is today. You can see the white line is quite flat but it's still higher then the low.
⚠️ If it is option 2, pay attention because this will be a super aggressive move to the downside. I'm not saying it will be option 2 but from experience i can say if that's the case it will be a massive move.
⚠️ Pay attention to market structure on 1min and 4min timeframe during opening NY session.
