Keeping it simple, I believe gold will lock in a Low in the China session (Yellow brackets) setting the Low of Day (Setting their position). Then as the gap time moves price into the London session (Green brackets), price will rise back up to make/shake out China session winners to set a Hi of Day in London session (For the moment). Then price will fall/work into Chinas Low of Day either taking it or working into it before NY session opens (Setting their position). Then NY session will work price into the Low of Day also (China or London's Low) and then take off for the Hi of Day and set it for the day and may continue to rise. Pay close attention to your levels (-61.8, -50,) and just wait for your brakes-retest in your trendlines for your conformations.
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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.