Gold Market Analysis: Sell to Buy
Price has finally broken structure (mss-market structure shift) to the upside on the daily. Point of entry is the FVG sitting at the top of structure. The daily chart printed an inverted H&S pattern so price should come back to test the neckline. The neckline is at the 50% level of the weekly buy swing. The weekly equilibrium is very strong, in my opinion, so I believe that price will sell back to that level before continuing up to clear the inefficiencies it left above from the sells. 4h is consolidating but the bottom wicks are making lower lows. Hopefully, price fills the 1h retracement and then sell to the weekly 50% level and then buy up as previously stated. **Beware: there is a daily breaker block that could stop price in it’s tracks and keep it selling!
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