We had a higher time frame Inside bar print last week.
Today the PA has pushed through the high of that IB and is now flirting with the idea of coming back into the range.
If successful the bears should target the double bottom and all the buy stops down there.
Today the PA has pushed through the high of that IB and is now flirting with the idea of coming back into the range.
If successful the bears should target the double bottom and all the buy stops down there.
Note
Bears clearly not in control today as dollar demand drops.$1610 still on the cards but this trade would not have worked out for me if I had taken it.Note
going to need a reversal in the direction of the US dollar for the XAU to come down and test $1600
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Disclaimer
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.