Earlier in morning today, Gold managed to go as high as 4619, sweeping the Liquidity above the 4602 level, and hitting all of our targets from yesterday's analysis, hope you used it! After reaching 4619, Gold began to drop, going as low as 4529, going inside the FVG and then bouncing back up, now being traded at 4582.
Currently Gold is on its way to sweep the Liquidity above the 4619 level and then go for the March 20th NDOG at 4650.
I expect Gold to test the NDOG and if it goes through, the next target for it will be 4736! Let's see if Gold can hold itself and go for the higher targets, I'm leaning towards the Bullish side.
However, if Gold fails, it can drop all the way to below the FVG meaning reaching 452X levels, and since there are plethora of NWOGs and NDOGs there, they could draw the price to themselves.
As long as Gold keeps itself above the 4500 level, it could go back higher.
Targets: 4600, 4610, 4620, 4630, 4640 and 4650.
Bearish targets: 4570, 4560, 4550, 4540, 4530 and 4520.
Now, let's talk about the NDOGs, what are they and why are they important?
NDOGs: New Day Opening Gap. Unlike the NWOGs, they are yesterday's close and the day after's open. They also act as a magnet to the price, and for them, it is 5 days that you can use them, and same as NWOGs, it doesn't necessarily mean that they lose value after 5 days.
If we're above an NWOG and there's a clustering of NDOGs below, all of last week's NDOGs for example, the price is likely to be drawn towards them.
Basically: more NDOGs at one side of the chart => Price being drawn to it.
Disclaimer: This is just an introduction to the concepts of NWOG, NDOG and C.E., do NOT trade on it unless you've learned how it works.
Currently Gold is on its way to sweep the Liquidity above the 4619 level and then go for the March 20th NDOG at 4650.
I expect Gold to test the NDOG and if it goes through, the next target for it will be 4736! Let's see if Gold can hold itself and go for the higher targets, I'm leaning towards the Bullish side.
However, if Gold fails, it can drop all the way to below the FVG meaning reaching 452X levels, and since there are plethora of NWOGs and NDOGs there, they could draw the price to themselves.
As long as Gold keeps itself above the 4500 level, it could go back higher.
Targets: 4600, 4610, 4620, 4630, 4640 and 4650.
Bearish targets: 4570, 4560, 4550, 4540, 4530 and 4520.
Now, let's talk about the NDOGs, what are they and why are they important?
NDOGs: New Day Opening Gap. Unlike the NWOGs, they are yesterday's close and the day after's open. They also act as a magnet to the price, and for them, it is 5 days that you can use them, and same as NWOGs, it doesn't necessarily mean that they lose value after 5 days.
If we're above an NWOG and there's a clustering of NDOGs below, all of last week's NDOGs for example, the price is likely to be drawn towards them.
Basically: more NDOGs at one side of the chart => Price being drawn to it.
Disclaimer: This is just an introduction to the concepts of NWOG, NDOG and C.E., do NOT trade on it unless you've learned how it works.
עסקה סגורה: היעד הושג
All bullish targets reached. 
Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.