Gold overall is bullish on the monthly, weekly and daily, if you notice the weekly opening if we are bullish, we wait for price to create manipulation phase, Since its weekly timeframe, we dive to our smaller timeframe to look for liquidity or inefficiency imbalance. we took the Thursday 09 January 2024 03:00 Est low, what next its displacement, we need price to...
Gold Overall The Market is bullish but Pullback occures on higher timeframes what goes up has to fully come down. I am not interested in buying gold with an OB at 2355.99 we might see a pullback to 2265 and long term 2200. if we close above at 2370 then I will look for a retracement for buys to 2500
As you can see I'll be short term bearish on AUDCAD, We need price to seek and take out the buystops above then a MSS, on the weekly timeframe, we have to create a high of the week, Intermediate Institutional Bias, Opening gap/Range....
With the previous Friday daily candle closed with a strong bearish and Bustops run, we are in the stage of a huge pullback on gold, I'm still bullish on gold but as you know pullback occurs on the daily and weekly timeframe. strong buy positions is at 2098. Note that!
BEARISH WEEKLY candle going to create high of the week. manipulation phase