From the beginning of the week Gold has captured liquidity from the 1730 level, i wanted it personally to get a bit lower towards 1722-1725 level before entering which was not far from the 1727 level it reached.
For the rest of the week I expect for Gold to keep raising up towards the 1780-1800, be aware that price has been rejecting a little the 1750 where it is...
Liquidity that has been build up above the trading range we has "technically" been captured. I personally identify this has a potential distribution phase. Gold has a swap interest greater on the shorts than the long, therefore it is a possibility that price could make its way down to the 1650 level before coming back up.
Make no mistakes I am highly in favour...
Given the indication of the last candle before the week close there is possibility for price to move down before going up. What I Would like to see from Gold to confirm further buying power is to retest the 1730 level, possibly break through the liquidiy built there and fill into the Imbalance below it and retest the price area through the imbalance. Next week the...
If we looking at time frames on a monthly frame we are at a possible spring level of a trade that could possible be long for two years (I repeat that i am beginner)
Price has liquidated all previous low on a Monthly level!!
Now going down the time frames we can see the are strong buys position that has happen already, so now I'm looking for area for a secondary...
As you can see the market is currently in a downtrend, I've indicated the area where possible liquidity it is. Price could possibly reversal back to the highest high to reverse back in the lowest area where the previous slippage that has not been filled. I Suspect this to occur will take around a week and half. Will upload updated ideas as things form along.
I am...
