The market then hunts for liquidity and goes towards the liquidity of its counterparty... It has two internal swing points of liquidity and the main liquidity is in the ceiling of buyers. For the open market, it continues its upward movement until the hunt of these liquidity, there are two ways, either it hunts for those two internal swings for now and then...
The 4-hour gold structure is still bullish and the liquidity pool range of 3013 to 3000 can be considered a liquidity trap. Support below this liquidity pool is 2996 to 2990 and resistance ahead of the market is 3070 to 3084. Analysis of the movement towards the liquidity pool hunt and then an increase towards the opposite liquidity level in the range of 3135
The resistance area is marked on the chart. The price is expected to correct to this resistance and then have a second downward wave until the important support of 3092 and from there the price will be supported and an upward wave will have to hunt for remaining liquidity and fill the FVG.
With the rise of global gold to the proximity of important resistance and the monthly dynamic ceiling, we can consider moving towards this dynamic ceiling for the start of the week, which will be the range of 3103-3110 and also the psychological number 3100 and react to the price towards correction, to correct the internal structure of the broken channel ceiling...
Important buy and sell points with entry and stop loss If activated, profit will be saved in steps at the desired TPs
To start the week, we will probably have a slight rise to the resistance range of 3040-3047, and I intend to continue the correction to the support ranges of 2988 and the support range of 2971-2965, respectively, which is an important support range that could even be the end range of the correction. Otherwise, and with the loss of this support, the next support is...
To start the week, we will have an upward movement to the range of 2997 to 3001, which will start its corrective movement from this range. For the first step, it will reach the range of 2955 with a slight difference and support from these areas. For the current ceiling and important resistance of 3009, it is best to reach this area with a shadow and start the...
For gold trading, a position that can give good profit is to buy at 2955 with a stop at 2950, plan for a stop of 3000 and a final target of 3009 and from these areas look for opportunities to start a correction.
For gold trading, a position that can give good profit is to buy at 2955 with a stop at 2950, planned for a 3000 target.