XAUUSD shorts call to 1865-1870 to continue to the upside. Visible distribution phase happening here on a strong level of the daily resistance level.
Overall bullish on gold, having different possibilities but aiming for the sell off to the buy up, if not we catch the pullback to the upside,
Proper price retracement, in a bullish run as it struggled to break out the 58000 level.
CAUGHT THE INITIAL SELL OFF, PRICE DOES SEEM BULLISH ON HIGHER FRAMES, CATCHING A CV ZONE BREAKOUT
OVER TREND IS BULLISH AS THERE IS EQUAL HIGHS ABOVE THAT THE BANKS NEED TO CLEAR OUT. MANY REACTIONAL PRICE LEVEL IN BETWEEN OUR CV ZONES.
OVERALL TREND IS BULLISH ON HIGHER FRAMES, DROPPED FIB ON IMPULSIVE MOVE, HAS MORE THEN 3 REACTIONAL PRICE LEVELS IN BETWEEN OUR ENTRIES.
SMART MONEY CAME AND SWEEPED SOME EQUAL LOWS AND ARE COMING BACK TO MITIGATE OUT OF POSITION. IDENTIFIED LAST PUSH DOWN, MEASURED MOST RECENT IMBALANCE, AS CV ZONES MATCH THOSE SAME ENTRIES AS A CONFIRMATION.
SMART MONEY ACCUMULATION PHASE, IVE GOT IMBALANCES/GAPS ABOVE, THERE IS ALOT OF REACTIONAL STRUCTURE IN THE PAST IN BETWEEN MY CV ZONES, HIGHER FRAMES SHOW A BULLISH RUN AS STRUCTURE IS SITTING ON A STRONG SUPPORT LEVEL.
POTENTIAL SWING TRADE! LOOKING AT A WEEKLY AND DAILY FRAME, PRICE HAS A GOOD TREND LEVEL & MAKING NEW HIGHER LOWS SIGNS ON A BULLISH RUN AS IT NEEDS TOO CORRECT SOME IMBALANCES IN THE MARKET UP THERE. DROPPING TO A 4H & 1H MARKET HAS EQUAL LOWS THAT WAS SWEPT OUT WHICH PRICE NEEDS TO RETRACE DOWN TO MITIGATE OUTTA POSITION.
4HR SWING TRADE, ON A HIGHER TIME FRAME PRICE HAS BROKE ABOVE A STRONG LEVEL OF RESISTANCE AS THE PREVIOUS WEEKLY CANDLE CAME DOWN AND WICKED THE PREVIOUS RESISTANCE LEVEL CREATING A NEW SUPPORT LEVEL, ALSO HAS ALOT OF IMBALANCES UP AHEAD.
ON A WEEKLY TIME FRAME PRICE CAME UP TO A STRONG SUPPORTED LEVEL MADE IT A RESISTANCE AND PRICE NOW JUST BROKE OUT OF THE RESISTANCE LEVEL CREATING A NEW SUPPORT LEVEL , AS THERE IS PRICE WICK EXHAUSTION. MORE THAN 2 IMBALANCES/GAPS AHEAD. CV ZONE AREAS ARE RESPECTED BY KEY STRUCTURE IF YOU SLIDE TO THE LEFT ON A 1HR TIME FRAME.
PRICE HAS BEEN A BULLIISH RUN, ON A DAILY TIME FRAME PRICE BROKE ABOVE A PREVIOUS LEVEL OF STRONG RESISTANCE WHICH PRICE IS PULLING BACK TO CREATE A NEW SUPPORT.
EJ IS ON A BULLISH RUN BECAUSE GJ IS AND THESE TWO PAIRS ARE INDENTICAL. ON A WEEKLY TIME FRAME PRICE REJECTED A GOOD LEVEL OF SUPPORT WHICH GIVE ME A GOOD CONFIRMATION. CLICK LINK SLIDE TO THE LEFT TO SEE HIGHLIGHTED AREAS OF CONFIRMATION THAT CV ZONES ARE GOOD REACTIONAL LEVELS.