[Daily Bias] Gold - Mon 09092024 - Selling day
After a significant drop on Nonfarm Friday, I'm looking for selling opportunities today. There are two potential scenarios:
- If the price rallies up to the previous Value Area Low (VAL), I will look for a selling opportunity once it starts to drop again.
- If the price cannot be rejected at the previous VAL, I will consider selling at the latest Developing Volume Point of Control (DVPOC)
Note
Entries when price drop to POI
1. Sweep liquidity & jump back to the VA
2. Hold above the DPOC
3. Retest flip zone
Note
Entry at flip zone with confirmation of volume after price break the VA
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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.
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.