XAUUSD swept 4,198 now watching 4,062 to 4,098 for the next leg
Ok gold just did the usual trick. Ran straight up to 4,198.440, grabbed all that buyside liquidity sitting up there. Old play but it still works every time.
Then what happened? That orange candle around 4,158. Indecision written all over it. Long wick up, closed weak. That's not a breakout candle. That's an exhaustion candle.
Here's my read. Structure is still bullish. We had the ChoCH then the BOS, clean shift from bearish to bullish. But after a sweep like that price doesn't just keep flying up. It has to come back for the guys who missed the move.
That's why I'm watching 4,062 to 4,098. OB and FVG stacked right on top of each other there. That's the zone. If price gets in there and reacts, some kind of rejection wick or a decent bullish close, that's my long trigger. Not just buying blind the second it taps in.
If it rips straight through that too, there's a deeper OB at 4,020 to 4,040 as backup. Still bullish either way honestly.
What kills this whole idea? A close below 4,006 on the H1. That's the recent ChoCH low. Below that I'm dropping the long bias completely, flips to neutral or bearish.
Targets if this plays out. First stop is back at 4,150 to 4,160 where we just got rejected. Then if that OB holds, pushing for 4,220 to 4,240, breaking the prior high.
Anyone else think that indecision candle was the tell or am I overthinking this one
Ok gold just did the usual trick. Ran straight up to 4,198.440, grabbed all that buyside liquidity sitting up there. Old play but it still works every time.
Then what happened? That orange candle around 4,158. Indecision written all over it. Long wick up, closed weak. That's not a breakout candle. That's an exhaustion candle.
Here's my read. Structure is still bullish. We had the ChoCH then the BOS, clean shift from bearish to bullish. But after a sweep like that price doesn't just keep flying up. It has to come back for the guys who missed the move.
That's why I'm watching 4,062 to 4,098. OB and FVG stacked right on top of each other there. That's the zone. If price gets in there and reacts, some kind of rejection wick or a decent bullish close, that's my long trigger. Not just buying blind the second it taps in.
If it rips straight through that too, there's a deeper OB at 4,020 to 4,040 as backup. Still bullish either way honestly.
What kills this whole idea? A close below 4,006 on the H1. That's the recent ChoCH low. Below that I'm dropping the long bias completely, flips to neutral or bearish.
Targets if this plays out. First stop is back at 4,150 to 4,160 where we just got rejected. Then if that OB holds, pushing for 4,220 to 4,240, breaking the prior high.
Anyone else think that indecision candle was the tell or am I overthinking this one
🏆 Free Gold Plan: 1 - 3 signals per day
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🏆 Vip Gold Swing Trade: 3 - 5 signals per day
🏆 Trading Idea / Setup / Tech
Join here: t.me/+sihotWstAs8wZWVl
🏆 Vip Gold Scalping: 10 - 15 signals per day
🏆 Vip Gold Swing Trade: 3 - 5 signals per day
🏆 Trading Idea / Setup / Tech
Join here: t.me/+sihotWstAs8wZWVl
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🏆 Free Gold Plan: 1 - 3 signals per day
🏆 Vip Gold Scalping: 10 - 15 signals per day
🏆 Vip Gold Swing Trade: 3 - 5 signals per day
🏆 Trading Idea / Setup / Tech
Join here: t.me/+sihotWstAs8wZWVl
🏆 Vip Gold Scalping: 10 - 15 signals per day
🏆 Vip Gold Swing Trade: 3 - 5 signals per day
🏆 Trading Idea / Setup / Tech
Join here: t.me/+sihotWstAs8wZWVl
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.