Observing XAUUSD on a 4h time frame, one can identify the area of sensitivities as portrayed by the yellow shaded area. With respect to using the Fib from Recent new Swing Low to the new Swing High, we can see that the .79% OTE lvl aligns with the area of sensitivities for buyers protection. As such, on a 1H timeframe, I observed EQ lows where we can target liquidity to get ran followed by some kind of Bullish confirmation for that continuational push to the upside.
If the conditions are not met, this will become invalid
If the conditions are not met, this will become invalid
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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.