Gold is still clearly in a bearish structure on the 1 hour chart. We’ve seen a solid break of structure to the downside and price is now retracing.
What stands out is how price is pushing back up into multiple areas of interest. There’s liquidity resting just above this minor high along with a fair value gap and the underside of a bearish trendline. This cluster makes it a likely spot for sellers to step back in.
If price fills the imbalance around that FVG, it could set up the next leg lower. I’ll be watching closely for signs of rejection in this zone to see if the market is ready to continue the move down.
What stands out is how price is pushing back up into multiple areas of interest. There’s liquidity resting just above this minor high along with a fair value gap and the underside of a bearish trendline. This cluster makes it a likely spot for sellers to step back in.
If price fills the imbalance around that FVG, it could set up the next leg lower. I’ll be watching closely for signs of rejection in this zone to see if the market is ready to continue the move down.
No reason to rush in early. Let price come to the levels that matter and confirm with a reaction. Staying patient pays.
Nota
Another View of XAUUSD. That been said, do not avoid jumping on the trade. Instead wait for a shit in momuntum
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.