This week on gold, we are looking at the same range we had last week on the 4-hour chart. We expect prices to either move even lower from the last confirmed low within the range or break this range and push into the area of unmitigated supply above.
Our preferred move is for the price to drop slightly lower, then run higher into the area of supply, and subsequently sell off, following the higher timeframe bias we have for this pair.
A key point to remember is that we might not get a pullback, and the price could actually shift bullish if the last major high is broken. If this is the case, we are looking for a bullish run of the daily highs.
For now, we are bearish, and I expect this to sell off further for the time being.
Follow price action and trade your rules.
Our preferred move is for the price to drop slightly lower, then run higher into the area of supply, and subsequently sell off, following the higher timeframe bias we have for this pair.
A key point to remember is that we might not get a pullback, and the price could actually shift bullish if the last major high is broken. If this is the case, we are looking for a bullish run of the daily highs.
For now, we are bearish, and I expect this to sell off further for the time being.
Follow price action and trade your rules.
Vist our website - orionrfx.com
FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Vist our website - orionrfx.com
FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.