Gold FuturesShort
[Daily Bias] Gold - Thur 09052024 - Dropping to the POC
Currently, the price is at the Point of Control (POC) from Tuesday's declining session. If Wednesday's Value Area High (VAH) is able to hold, the price may drop further to test the Value Area Low (VAL), potentially leading to a significant decline towards the naked POC below
Note
After the price breaks out of the Value Area (VA), consider a buy entry if the price retraces back to the Value Area High (VAH)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.