gold - tuesday pullback
We are looking at a short term uptrend pulling back to the bottom of the june pricerange around the 1930 area.
I am expecting a mid term pullback to the downside after the reaction from the 4h orderblock positioned at the 1890-1895 area. based on the 1h volume candles, we can see that the uptrend is loosing it's strength after each wave pushing deeper into the range.
we also have curved liquidity from the asian session between 1923 and 1921, price should cut through those lows with ease and take a rest at the 1920 level
My targets are the 1920 and 1915 psychological levels for today. stops above 1932
sorry if my chart looks a bit overwhelming from drawings
Cheers!
I am expecting a mid term pullback to the downside after the reaction from the 4h orderblock positioned at the 1890-1895 area. based on the 1h volume candles, we can see that the uptrend is loosing it's strength after each wave pushing deeper into the range.
we also have curved liquidity from the asian session between 1923 and 1921, price should cut through those lows with ease and take a rest at the 1920 level
My targets are the 1920 and 1915 psychological levels for today. stops above 1932
sorry if my chart looks a bit overwhelming from drawings
Cheers!
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