In the daily timeframe, the price reacted off the daily FVG strongly and is currently in a bullish trend.
The CPI and PPI news were bullish which saw price of Thursday and Friday move upward strongly.
I expect price to come back to fill the 4H FVG in the displacement leg before continuing the bullish trend towards the all time high and possibly breaking through it.
The CPI and PPI news were bullish which saw price of Thursday and Friday move upward strongly.
I expect price to come back to fill the 4H FVG in the displacement leg before continuing the bullish trend towards the all time high and possibly breaking through it.
Note
Price didnt tap into the 4H FVG but it reached the 50% point of the daily fvg which had the 4h fvg embedded in it. That is where i took my long entry from. But we are still bullish on XAUUSD targeting the all time highs this week so you still have a chance to gain some profits.Note
Done close tradeAll time high level hit
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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.