XAUUSD After another solid week of gains we have finally seen gold hit its potential reversal level (1900 to 1912) we have been looking for an hourly retrace for over a week now at it simply hasn't come! This is due to the formation of an overall leg that wasn't complete... This larger time frame leg broke our structure at 1875 we could be at the peak of a cycle...
setup ive found based on lower timeframe reversal entry. stop zones will be taken at some stage before a bigger push up! SELL ENTRY: SL at breakeven. 25% profits taken.
From the top down analysis, were seeing liquidity being more readily available on the downside. looking for a lower TF reversal IF price reaches our highlighted zone! WHATS EVERYONES VIEW ON THIS?