I see Gold running the current high. As we seen today was a day where bulls were in control starting from Asia. London continued the trend filling all the imbalance from the previous leg. We are due a pullback. Tomorrow is US bank Holiday which usually is a very slow day for Price Action. We can target a nice 4R trade with this set up if the time and price meet....
Remember Risk Management. Potential buy from the low to push further up. HTF structure is still bullish. M15 was bearish for the PB.
Looking forward to the next trading week? Possible outcome on GU. Amazing R/R with good possibility of it going short. Preferably I would wait for a few rejections to break previous structure on lower timeframe and wait for the retracement before going short. Good luck :)
I can see a strong move to the upside however I would only look for bullish movement if price rejects the blue line a couple of times which would then show me that the pairs that are crossed with this would be bearish. Let's see how this week goes but int his current market structure I can see the push to the up side. Happy trading guys.