false breakout ? don't fall for the trap!
from the MN timeframe price is in a demand level of proximal price of 28.02962 which caused price to go to the downside since early this year and is currently in a liquidity pool which on the weekly TF I adjusted to , 22.58144 to 22.33749. On the weekly TF we have a demand level nested in the liquidity pool @ 22.33749 and I see price is trading below bullish trendline but has not yet formed a full OCLH candlestick to indicate clear breakout of price. On the daily TF price did show a clear breakout but from my analysis price is standing in areas of high bullish sensitivity and we could see that in fact price is making a false breakout to trap retail traders (stop hunt) and price may end up rallying to the upside. I am going long on the precious metal with targets at daily supply level @ 25.16333 as the Monthly TF close is still a few weeks away. ( ALWAYS FOLLOW THE BIGGER TF MOMENTUM AND PRICE ACTION)
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