HI, so there are two different scenarios formed, right now gold is at is structure low which is around 1933, there are 2 chances first let me tell about less chance ,
that gold break that level in NY session and go further down,
the other scenario which is highly likely to happen is gold collect its static and dynamic liquidity,
and tab into freashly formed supply zone, which is around 1953 to 55,
and can return from that zone and break its LL, and there are high chances , gold go further up it it break the area around 1955 to 57 to collect more buyside liquidity and tab into higher supply zone which is around 1962 to 1965,
we need to check price action in these two high and low area 1962 to 1965, and 1933 to 1935
i will look for buy opportunity at level 1935 and sell at 1952 after confirmations
that gold break that level in NY session and go further down,
the other scenario which is highly likely to happen is gold collect its static and dynamic liquidity,
and tab into freashly formed supply zone, which is around 1953 to 55,
and can return from that zone and break its LL, and there are high chances , gold go further up it it break the area around 1955 to 57 to collect more buyside liquidity and tab into higher supply zone which is around 1962 to 1965,
we need to check price action in these two high and low area 1962 to 1965, and 1933 to 1935
i will look for buy opportunity at level 1935 and sell at 1952 after confirmations
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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.