WILL GOLD CONTINUE TO RISE???
On the larger timeframes, such as the daily and weekly, we have been trending bullish. However, for the past few days we have been ranging. Will this be distribution or accumulation? There's only 1 way to find out!
We are approaching a 4HR demand zone, right above it we have liquidity orders and a little imbalance just below that, these need to be filled. once this happens. we want the market to respect the demand zone and place our orders on 75% of the GANN, minimum ROI for this trade is a 1:5RR. with our SL being the lowest point of the marked swing low.
Although, this doesn't mean the market is obligated to play out the way we want it to, it's still a good place to consider. ;-)
We are approaching a 4HR demand zone, right above it we have liquidity orders and a little imbalance just below that, these need to be filled. once this happens. we want the market to respect the demand zone and place our orders on 75% of the GANN, minimum ROI for this trade is a 1:5RR. with our SL being the lowest point of the marked swing low.
Although, this doesn't mean the market is obligated to play out the way we want it to, it's still a good place to consider. ;-)
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