Last week, my gold analysis unfolded precisely as expected. However, following the reaction outlined in scenario (B), news on Friday at 3 pm triggered an upward rally, clearing out considerable liquidity and potential supply zones. This further solidifies my bullish bias, and I now anticipate a retracement due to the significant imbalance left behind by the price movement.
My strategy is to await a retracement to one of the marked demand zones, where I anticipate a Wyckoff accumulation to occur. Subsequently, I plan to buy back up to sustain this bullish trend. It appears that price has established an Asian high above, and the wick left from the all-time high needs to be filled.
Confluences for GOLD Buys are as follows:
- price changed character and broke structure the upside.
- Overall trend of the market is bullish so its a pro trend idea.
- Equal highs left now and there's still asian high that needs to be taken.
- Imbalances left below so expect price to retrace before making another rally.
- New demand zones has been left around the regions of 2040.000 for potential buys.
P.S. Since there's no available supply for selling, I'll either wait for price to establish a new supply zone, from which we can temporarily initiate sells downward, or I'll look for a correction to form around the 2040 area for potential buying opportunities.
Have a great trading week ahead guys and be cautious of this weeks news!
My strategy is to await a retracement to one of the marked demand zones, where I anticipate a Wyckoff accumulation to occur. Subsequently, I plan to buy back up to sustain this bullish trend. It appears that price has established an Asian high above, and the wick left from the all-time high needs to be filled.
Confluences for GOLD Buys are as follows:
- price changed character and broke structure the upside.
- Overall trend of the market is bullish so its a pro trend idea.
- Equal highs left now and there's still asian high that needs to be taken.
- Imbalances left below so expect price to retrace before making another rally.
- New demand zones has been left around the regions of 2040.000 for potential buys.
P.S. Since there's no available supply for selling, I'll either wait for price to establish a new supply zone, from which we can temporarily initiate sells downward, or I'll look for a correction to form around the 2040 area for potential buying opportunities.
Have a great trading week ahead guys and be cautious of this weeks news!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.