Gold cleared the liquidity above all of the highs yesterday on the FOMC - as i mentioned a number of times the news is always a catalyst to collect liquidity, now the market has settled, gold looks ready to rollover price is testing weekly supply at the psychological level of 1745 we can see beautiful structure with a macro micro M formation - inside of the second leg of the macro M we have beautiful Asian session consolidation range, we are looking for a fake breakout above the Asian range to clear the final stops and induce bulls then we will be monitoring the LTF for short entries.
We will be targeting the imbalance at the psychological level of 1700.
We will be targeting the imbalance at the psychological level of 1700.
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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.