My current bias is still bullish which matches with the overall market trend, this means we can catch pro trend trades towards new highs which is backed up by higher time frame analysis. As of now, I am expecting for price to pull back to the closest area of demand which is the 17hr around 1990.000.
Ideally we will then wait for price to take out the asian low in that POI in the form of a spring and change character to the upside, to give us a clear indication that we can enter our buy positions. There is also lots of liquidity to target in the form of trend-line liquidity and imbalances above which does match with my general idea that gold will end up making new ATHs next year.
My confluences for GOLD Longs are as follows:
- Overall Market trend (short term and long term) is both bullish, matching my bias.
- For price to keep going higher it must create a pull back in order to create a new leg.
- Price has CHOCH and caused several BOS to the upside confirming the trend.
- Price left a 17hr demand at a psychological level of 1990 that caused an impulsive move up.
- Liquidity has been swept already so there's enough momentum for price to push upwards.
- Pending Wyckoff accumulation to play out as price is not near my POI as of now.
P.S. As for this year I see price slowly pushing higher possibly to 2030s, this makes sense as the sentiment analysis is also VERY bullish on gold. From this information, we can anticipate another small impulsive move to the upside however, I do see price dropping lower than my POI to mitigate the 3hr demand for better buy opportunities.
Ideally we will then wait for price to take out the asian low in that POI in the form of a spring and change character to the upside, to give us a clear indication that we can enter our buy positions. There is also lots of liquidity to target in the form of trend-line liquidity and imbalances above which does match with my general idea that gold will end up making new ATHs next year.
My confluences for GOLD Longs are as follows:
- Overall Market trend (short term and long term) is both bullish, matching my bias.
- For price to keep going higher it must create a pull back in order to create a new leg.
- Price has CHOCH and caused several BOS to the upside confirming the trend.
- Price left a 17hr demand at a psychological level of 1990 that caused an impulsive move up.
- Liquidity has been swept already so there's enough momentum for price to push upwards.
- Pending Wyckoff accumulation to play out as price is not near my POI as of now.
P.S. As for this year I see price slowly pushing higher possibly to 2030s, this makes sense as the sentiment analysis is also VERY bullish on gold. From this information, we can anticipate another small impulsive move to the upside however, I do see price dropping lower than my POI to mitigate the 3hr demand for better buy opportunities.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน