GOLD testing the hourly 200EMA @ 2420 || ICT levels included
I believe we will catch our next major bearish delivery from this $2420 mitigation. If we get any bearish activity in this range is is to be taken very serious as we push into the fib level resistance around 50%.
We have just at current PA run the stops of any early bears and may be seeking higher stops to trigger anything leftover in the bearish continuation flow.
The only thing that would change our bias bullish is seeing the print and subsequent retest of an hourly FVG array. Closing above thereafter would mean super high probability of catching multiple hours of expansion into buyside to absorb all of the low resistance liquidity resting at the highs on the way up (LRLR).
https://www.tradingview.com/x/lxA96VjO/
You can see how we only have two primary imbalances. One in the buyside we are dealing with now after absorbing a mitigation at the previous break of structure
https://www.tradingview.com/x/MM4JEtCX/
We either expect some sort of sweep of a newly created high in this range to open up a flood of bearish continuation, or a massive bullish gap up to either deeply mitigate or run the high.
We have just at current PA run the stops of any early bears and may be seeking higher stops to trigger anything leftover in the bearish continuation flow.
The only thing that would change our bias bullish is seeing the print and subsequent retest of an hourly FVG array. Closing above thereafter would mean super high probability of catching multiple hours of expansion into buyside to absorb all of the low resistance liquidity resting at the highs on the way up (LRLR).
https://www.tradingview.com/x/lxA96VjO/
You can see how we only have two primary imbalances. One in the buyside we are dealing with now after absorbing a mitigation at the previous break of structure
https://www.tradingview.com/x/MM4JEtCX/
We either expect some sort of sweep of a newly created high in this range to open up a flood of bearish continuation, or a massive bullish gap up to either deeply mitigate or run the high.
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