I’ve been scrolling through some ideas on gold and each setup that I’ve seen is sort of the same, but none of them really corresponds to mine so I thought I’d share some of my work.
The market had a major downward push after creating a new high and it was only right to leave fair value gaps in doing so, and on both sides. Right now my goal is for the market to head back towards 2075 and this is how I foresee it happening.
2375 marks a 61.8% bearish retracement coming off the 4H chart and right now 2360 also marks a bearish 61.8% retracement coming off of the 15min chart. I like to keep things as simple as possible and I’ve found that Fibonacci levels combined with fair value gaps creates a no brainer setup with a fairly decent win rate so that’s what I’m heading towards.
If anyone actually sees this I’d love to hear your thoughts!!
The market had a major downward push after creating a new high and it was only right to leave fair value gaps in doing so, and on both sides. Right now my goal is for the market to head back towards 2075 and this is how I foresee it happening.
2375 marks a 61.8% bearish retracement coming off the 4H chart and right now 2360 also marks a bearish 61.8% retracement coming off of the 15min chart. I like to keep things as simple as possible and I’ve found that Fibonacci levels combined with fair value gaps creates a no brainer setup with a fairly decent win rate so that’s what I’m heading towards.
If anyone actually sees this I’d love to hear your thoughts!!