Gold (XAUUSD)Short
GOLD market structure analysis.
Updated
Price dropped from a supply zone at 1963.11 since Friday and apparently we have be looking forward to go short.
On the 1H time frame there is a supply zone at 1954.95 which was refined to 1955.86 on the 15m time frame.
In the supply zone there is bearish QM pattern that formed and if respected after taking out liquidity in the 15m time frame, price will short again.
On the 1H time frame there is a supply zone at 1954.95 which was refined to 1955.86 on the 15m time frame.
In the supply zone there is bearish QM pattern that formed and if respected after taking out liquidity in the 15m time frame, price will short again.
Trade active
Can sell because price mitigated the supply zone and close below itTrade closed: target reached
Note
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