The market condition for Gold is consolidating, However I don't mean to know where the break out is going to be, Just a anticipatory on a Gun to my head.
Gold has been consistently trading higher for a while now looking at price alone. Recently the market has been showing evidence for the likely hood of higher time frame retracement, Monthly & weekly.
With that...
The current market condition is bearish, So stalking for sell side expansion is essential for high probability success.
The market has recently traded above an old daily high where majority of retail traders will have interest to participate in the market, whether buying or selling in terms of buy stops protecting there're short positions, So they get to suffer...
im not really quite good at trading buy, but here a clear view i saw at first took a sell then i just took a buy an tigthen my stop loss in a case a risk aque,and in another view i saw a wickoff contribution on 5 mins time frame, i think we'll be looking for short buy just so it can balance the imbalanced area on the daily timeframe, what are your thought?
As gold aproched the supply zone,i decided to risk an entry for less risk to huge reward, if im right then i got myself a sniper entry, comments are welcome.
As i posted before, at this point i assume a retracement back to the supply zone then a revesal right at the oderblock,to comfirm the entry must be at a 1minute timeframe use RSI indicater
