WEEKLY: Bullish posture. Unmitigated OB has yet to be tapped into.
DAILY: Price was in a bearish posture before starting to consolidate. Daily demand zone has yet to be tapped into. CHoCH has been created, but has yet to come back for liquidity.
4HR: Bearish posture. CHoC has been created, however it also hasn’t come back for liquidity yet.
FUNDAMENTALS: The seasonality for the coming month & week is bullish. COT is long.
Overall it seems like gold will continue with it’s bullish momentum. If price doesn’t hold the unmitigated OB area, bearish momentum is likely to continue. In both A & B options, wait for price to arrive into zone & for confirmation before entering.
PATIENCE PAYS WHEN DISCIPLINE IS AT WORK
DAILY: Price was in a bearish posture before starting to consolidate. Daily demand zone has yet to be tapped into. CHoCH has been created, but has yet to come back for liquidity.
4HR: Bearish posture. CHoC has been created, however it also hasn’t come back for liquidity yet.
FUNDAMENTALS: The seasonality for the coming month & week is bullish. COT is long.
Overall it seems like gold will continue with it’s bullish momentum. If price doesn’t hold the unmitigated OB area, bearish momentum is likely to continue. In both A & B options, wait for price to arrive into zone & for confirmation before entering.
PATIENCE PAYS WHEN DISCIPLINE IS AT WORK
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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.