LTF Range is likely to sell as the price will make its way to mitigate the HTF +OB ...
With the HTF Bearish....and a likely Wyckoff distribution on the making at a 1H Range ..the pair is likely to push higher to untested supply zone making a UTAD completing the distribution and activating Long term selling opportunity .....target is creating a LL 0n a daily range.
For XU Bearish trend is still valid until 1787 is Broken neither nor less i am still selling up until nearest untested Demand zones
My view on BTCUSD is to see the internal Liquidity being taken out inside the Range as the price is likely to move from Premium level to Discount Level.
In terms of Structure and Liquidity the pair is likely to drop to untested accumulation which sponsored the bulls run and to fill the imbalance at 13.90000 zone.
Since the pair is Bullish i anticipate a retracement based on the creation of a HL that will take out all internal liquatity as the price on its range is at a primuem level therefore i look forward for it to make its way to Discount
The HTF is very Bearsih while the LTF is Bullish and on its Range is at Discount Level of which the next logical target is above 1840 as they are relative equal highs and an imbalance that was never filled an also posssible mitigation of the OB that sponsored the big move around 1870 zone......
possible senario for gold to go Long to grap liqudity then continue Bearish
HTF is Bearish and the price is at a dicount level from Premium level ...LTF WILL GIVE AS AN ENTRY TO SELL LIQUDATION OF HIGHS AND BOS
Before the big move down I anticipate that the price will aim for previous New York and London Highs as they is a pool of liquidity above them highs
Since the move 35119 made double tops with the last high of 10 May.... we all know that they is a ton of SL's above the highs I therefore anticipate that Price will go lower to fulfill IMB's at the bottom of the Range before going for Liquidity above the EQH's as the structure is so so so BULLISH.
my idea is based on Structure, Liquidity and Price Action....Not financial or Signal.... Advice just my Opinion on a Long run
My take on Gold ....already took a buy with a tight SL and looking to shot at 1831 zone....
Take PROFIT for sells moved to 1823 as the zone can be a mitigation/ Test for the Spring of the last Accumulation which can push the price Higher.
LOTS OF LQ UNDER 1794 .....LIKELY TO MANUPULATE THE LOWS BEFORE HITTING THE HIGHS
The move up from 1819 left an imbalance and the OB that sponsored the big move was untested therefore I assume that before the price go higher a move down to complete the accumulation by creating a Spring while Mitigating the OB at 1817 zone