The price of Gold currently at the H4 liquidity control area at 3376. It's seem like there candlestick H4 rejection at that area but still not valid for market structure shift direction.
If the candlestick breakout above at H4 liquidity control ,I will looking opportunity for long position with target at next H4 liquidity control at 3390 or extension target at 3410.
short term SELL
Price retracement before the price going up.
If small timeframe show market structure shift or develop bearish engulfing pattern at H1 0r m30 below 3376 . The target will be h4 liquidity control at 3354 or 3320 depend on how price act at that area.
If the candlestick breakout above at H4 liquidity control ,I will looking opportunity for long position with target at next H4 liquidity control at 3390 or extension target at 3410.
short term SELL
Price retracement before the price going up.
If small timeframe show market structure shift or develop bearish engulfing pattern at H1 0r m30 below 3376 . The target will be h4 liquidity control at 3354 or 3320 depend on how price act at that area.
Patience,Risk Management,Consistency!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Patience,Risk Management,Consistency!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.