XAUUSD Short
Updated
GOLD is currently retracing after the big push downside
I'm expecting the price go back in the Supply zone (1814) to close the imbalance
We have 2 trendlines (1 minor and 1 major) that are confirming this scenario as it is liquidity to be taken.
I will cetainly take the short that I display if I have a wickoff confirmation in my Supply (Disitrubtion).
I'm expecting the price go back in the Supply zone (1814) to close the imbalance
We have 2 trendlines (1 minor and 1 major) that are confirming this scenario as it is liquidity to be taken.
I will cetainly take the short that I display if I have a wickoff confirmation in my Supply (Disitrubtion).
Note
Let me know if you agree with the idea guysOrder cancelled
No confirmation found in the Supply (No Distribution) the price reach directly the Weekly Supply, you can check the new analysis which explain the move.We are currently in a big 4h-8h manipulation (Distribution) so It's more complex to understand exactly where the price will go but we enter always after a confirmation to avoid any useless risk.
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