XAUUSD 15/12/24
Coming into this week, we are observing a clear shift in market bias that occurred at the end of last week, transitioning from bearish to bullish. After running the highs and selling off, we are now looking to run the lows and then buy back into the same highs. This setup could shape up to be a strong week for longs in gold, potentially leading to a clean bull run as Christmas approaches and the market slows down.
Based on the content shown on our charts, we can see there was "money out" within our supply zone, which triggered the previous downward shift. Now, we are looking for "money in" within our entry timeframe, which is the 15-minute chart. Watch for a clear entry around the lows. Additionally, there is liquidity above the current highs, which could fuel the next upside move.
Trade safely and stick to your plan.
Based on the content shown on our charts, we can see there was "money out" within our supply zone, which triggered the previous downward shift. Now, we are looking for "money in" within our entry timeframe, which is the 15-minute chart. Watch for a clear entry around the lows. Additionally, there is liquidity above the current highs, which could fuel the next upside move.
Trade safely and stick to your plan.
Catch the Wave with Pip Surfing Society! 🌊
Learn the Orion Trading System on our YouTube!
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Learn the Orion Trading System on our YouTube!
🚀 Store: tinyurl.com/PSS-store
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
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