As I expected from my previous post, gold is more likely to drop as it fails to make a higher high on the higher timeframe. Based on my chart, there is significant liquidity that needs to be taken out, also known as the support line. I am waiting for the Candle Range Theory to occur before entering a long position, and confirmation is needed to reduce risk.
Alright, that’s it thanks!
Alright, that’s it thanks!
Note
It is much better when it occurs during New York SessionOrder cancelled
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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.