MordecaiClegg

MordecaiClegg

Hello traders, Im currently bearish for Gold we have seen that price has left a significant amount of imbalance to the downside, we have currently tapped into a major level of supply after it broke structure to the upside. Seeing a good amount of rejection from that zone of supply. If we look on the higher timeframes, we can see price looks like it wants to hold...

MordecaiClegg

Im still bullish on Gold, which has recently tapped into my last buy zone we saw it break major structure yesterday prior to the tap into the demand zone. On the tap of the demand zone we are seeing major rejection that appears to want to push price to the upside. If price does break this zone im not looking for buys any time soon. We are getting some volatile...

MordecaiClegg

Im currently seeing a bullish setup incoming. Price is overall been pretty bearish lately and has given us our first big retracement since the massive rally to the upside. Last week, price tried to correct the imbalance that was left during the meltdown. When it tapped into the daily reaction order zone it shifted structure and descended. It then broke structure...

MordecaiClegg Updated 

Price has currently broken structure and tapped into a demand OB below it. There is an Asia below so be weary. We are going to be getting some highly volatile news around 1:30 GMT.

MordecaiClegg Updated 

If price is able to hold the 4hr OB and we are able to see a shift of structure, then I would see some hope for potential reversals to the upside. However, the higher tf is starting to create some potential bearish structure. There will be some very volatile news around 1pm GMT so be weary.

MordecaiClegg Updated 

I'm currently bullish on Gold as price looks like it was creating a HL on the higher tf, to then expand even higher. We can see a clear shift happening in Gold atm on the smaller tf, which I do believe is the move to push Gold to new highs or at least get a major rally up. Gold will be volatile around 3pm so watch out.

MordecaiClegg

Im currently bearish for Gold as I do believe it will meltdown today, I can see a lower high potentially form on the hourly that could push price down to take the Asian low and possibly even lower. There will be some volatile news around 3pm so be careful.