Hey guys,
Looking at XAUUSD today I still maintain a short bias but at a different point of interest due to the building up of liquidity just below the said point of interest. I love that this level lines up with a fibonacci retracement level but we should still be mindful of the geopolitical & economic factors around the dollar and gold.
In the meantime I am looking for intraday trades that target previous day liquidity spots.
Technical Tools
SMC
FIBONACCI RETRACEMENT TOOL
PRICE ACTION (MARKET STRUCTURE)
Looking at XAUUSD today I still maintain a short bias but at a different point of interest due to the building up of liquidity just below the said point of interest. I love that this level lines up with a fibonacci retracement level but we should still be mindful of the geopolitical & economic factors around the dollar and gold.
In the meantime I am looking for intraday trades that target previous day liquidity spots.
Technical Tools
SMC
FIBONACCI RETRACEMENT TOOL
PRICE ACTION (MARKET STRUCTURE)
Note
Trade active
35% of the position taken off. We are at breakeven
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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.