[Daily Bias] Gold - Mon 09092024 - Selling day
After a significant drop on Nonfarm Friday, I'm looking for selling opportunities today. There are two potential scenarios:
- If the price rallies up to the previous Value Area Low (VAL), I will look for a selling opportunity once it starts to drop again.
- If the price cannot be rejected at the previous VAL, I will consider selling at the latest Developing Volume Point of Control (DVPOC)
Note
Entries when price drop to POI
1. Sweep liquidity & jump back to the VA
2. Hold above the DPOC
3. Retest flip zone
Note
Entry at flip zone with confirmation of volume after price break the VA
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