Potential Gold Setup
This Is what i'm expecting to see if it will be bullish today after the news at 2pm(New York), or a similar setup to the upside if it's going to sell before the news. This is one of the 3 setups types i look for each day, that is in line with the bigger trend that takes place over the course of a few days or a few weeks...We got peak formation high(level3) yesterday after 3 days of rising, so they will either grab liquidity near or at the high of yesterday or bounce off yesterdays high and start a new bullish trend..But i'm expecting them to reach for liquidity at or near the LOW if they are going to take the market long.
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.