Hi traders, let's discuss Gold today.....
The huge sell from last month's high '1877.140' left zones of inefficiencies which are yet to be mitigated, thus this zone is a draw on price as bulk of orders lies @ these zones... Talking about zones, the huge sell then created a support zone @ 1760 hereby creating bulk of orders below it. These orders were grabbed post high impact news release which pumped price to the prev. high @ 1814...
As expected price reacted @ this high and now am aiming to buy @ a discounted price @ either the bullish OB or the .68 fib retracement level as shown above. If price refuses to trade to this points, i would look for entries @ above 1800....
I would appreciate your view in the comment session below and session greetings to y'all
The huge sell from last month's high '1877.140' left zones of inefficiencies which are yet to be mitigated, thus this zone is a draw on price as bulk of orders lies @ these zones... Talking about zones, the huge sell then created a support zone @ 1760 hereby creating bulk of orders below it. These orders were grabbed post high impact news release which pumped price to the prev. high @ 1814...
As expected price reacted @ this high and now am aiming to buy @ a discounted price @ either the bullish OB or the .68 fib retracement level as shown above. If price refuses to trade to this points, i would look for entries @ above 1800....
I would appreciate your view in the comment session below and session greetings to y'all
הערה:
Target reached @ .618 fib level entry confirmed....
הערה:
