GOLD Long Term Idea for Short Positions
If we cannot break the current swing low at 1880.77. Look for price to take out these cluster of highs at 1887.41 and then continue lower. This is denoted by the purple arrow path.
However we took our weekly relative equal highs and have started a MMSM so no matter what plays out we are confident taking sells once the market shows it's hand by breaking the current swing low or high.
Personally I favor the orange arrow path, I am waiting for a break of the current swing low at 1880.77, look for an order block in the next leg down and start your shorts into the long term objective (Sellside Liquidity). This would be a position trade. However using each leg down we should be able to find nice swing trades and intraday trades using the HTF PD Arrays, mainly order blocks.
XAUUSD
XAUUSD
XAUUSD
XAUUSD
XAUUSD
However we took our weekly relative equal highs and have started a MMSM so no matter what plays out we are confident taking sells once the market shows it's hand by breaking the current swing low or high.
Personally I favor the orange arrow path, I am waiting for a break of the current swing low at 1880.77, look for an order block in the next leg down and start your shorts into the long term objective (Sellside Liquidity). This would be a position trade. However using each leg down we should be able to find nice swing trades and intraday trades using the HTF PD Arrays, mainly order blocks.
XAUUSD
XAUUSD
XAUUSD
XAUUSD
XAUUSD