As we begin the down descent on Gold, we have created new lower lows. Traders need to remain cautious as the remaining Asian session liquidity has still yet to be raided. Patience should be held for the true re-test to continue downward. Avoid being caught into the sellers range.
Gold failed to stay above 1802.00. Despite closing above 1802.00, it created a lot of confusion for Bulls by not giving any significant breaks of structure until the third trading day. Shorts have been activated long term hold.
Bitcoin failed retest of 25100.00 to continue long on the Daily, Weekly, Monthly time frame, producing a clear evident creek and bullish wedge that became exhausted and over bought. Sells have been confirmed and activated.
Gold held the previous resistance level for the last 3 days of trading session and closed above the key level of 1800.00, thus indicating that Bulls have full control going forward. Gold is trusted during a time of war and uncertainty. With the US economy on the brink of collapse and ongoing issues with Russia, we can anticipate and expect Gold to rise...
Frankfurt session open created equal highs without grabbing liquidity to induce short sellers. Further proving more that this is a bullish uptrend long term. London and New York pushed the market down to previous respected order blocks and mitigation points, and held structure for the 4th valid retest, respecting the level on all time frames. We can expect a...
Bullish behavior respected on all higher time frames, indicating a strong push in price for the future.