I don't trade Gold but, this is what I see. What's y'all's take on it......?
The red line indicates the 4hr imbalances ITL - Intermediate term low ITH - Intermediate term high STH - Short term high STL - Short term low LTH - Long term high LTL - long term low
Market will go tap the 4hr breaker, then that's when we will see it drop......
Market will be reaching for the 4hour Fair Value Gap which is below the daily fair value gap....I'll be looking for sell setups till we tap in those areas....I believe we see a strong push to the upside after we tap in those areas.
Before I can take participate I want to see sell side liquidity being taken out on 1min and a bos backed by a fvg, Entry(on the 1min fvg) aiming at the 4hr high.......
Based on my analysis we won't be seeing much buying momentum till we tap into on the FVG's based in the discount zone - SELL-TO-BUY
This what I see on US30, my prediction is that it will go down to grab liquidity then that's when we might see a bullish movement reaching for the Daily Fair Value Gap. For Entries we will wait for smaller time frame confirmation....