IB (3002–3033) formed Monday.
Confirmed Failed Auction Low after reclaiming VAL (3014).
POC now migrating up (3020), price holding inside value (3012–3026).
Watching for 4H close above IB High (3033) to trigger IBX Long toward 3050–3070.
No valid short plays historically from this structure.
#XAUUSD #MarketProfile #FailedAuction #IBX #PipsnPaper
Confirmed Failed Auction Low after reclaiming VAL (3014).
POC now migrating up (3020), price holding inside value (3012–3026).
Watching for 4H close above IB High (3033) to trigger IBX Long toward 3050–3070.
No valid short plays historically from this structure.
#XAUUSD #MarketProfile #FailedAuction #IBX #PipsnPaper
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.