[Daily Bias] Gold - Wed 09112024 - Continue Rally
The price is rallying with strong momentum, and I expect the rally to continue today following the CPI release. I anticipate two possible scenarios:
- The previous Value Area High (VAH) holds, allowing the price to continue its upward rally after the CPI release.
- The price pulls back into the previous Value Area, holds there until the CPI release, and then resumes the rally
Note
Entry follow Wyckoff plan
Note
Enter after the price rally stalls due to absorption, indicated by high volume without further upward movement
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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.