Tapped into nice demand on the HTF, would like to see this CHoCH for a long confirmation targeting the highs and filling the imbalance on the way, entering on demand.
Bank of England significantly raised their interest rates by 0.50 basis points, exceeding expectations of a 0.25 basis point hike...Should fundamentally see gold decline, caught a nice entry, got out the previous long I posted. Possible reentry above if market makers decide to push up, lot of liquidity...
Can see price accumulating in real time, and distributing on the HTF. Potential spring from this nice 12H demand, targeting above the highs or the FVG. Well look for selling confirmation around the 2000 area
After Powell Testified today, we had a big spike in the market which came to my 8h demand zone, which we reacted to off nicely. Can see on the 12m a clean potential entry to target the upside liquidity... possibly the 1970 area ! Have got BOE interest rates tomorrow so may shake it differently...
Alternative USD/CAD analysis from previous. See liquidity above an unmitigated premium demand zone... Possible for a deep spring.