XAUUSD Gold structure on hours time frame is now fully bullish.
I will look for buy opportunities at the level indicated on the chart.
Reasons Behind The Setup:
Weekly Time Frame
- Weekly structure is bullish.
- Price find support at weekly discount fvg, which is internal liquidity, price will now seek for external liquidity above the old weekly high.
Daily Time Frame
- Price at range discount order block.
- Fair value gap and old highs above price, serving as draw on liquidity.
2Hours Time Frame
- Bullish shift in market structure with displacement leaving clear fair value gaps behind.
Entry:
- I will enter after a retracement to the discount levels fair value gap or order block below price.
That is my view on Gold for today.
What do you see on your chart?
Share your thoughts in the comment section.
Trade active
Trade now in profits.Note
Stop loss moved to entry.Note
This trade is doing amazingly well.Gave 5rr move so far, 50% profits booked already.
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Related publications
Disclaimer
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.