GOLD Xau/Usd one shoot one kill Hello traders we are on a clear accumulation on gold but we can capitalize on the move even it is correction we remember that gold had touched newly highs over all we are bullish but we can sell too for short term now we are on a string drop i believe we have still more drops let me know what you think be patient until price come to our area and be fearless to act if the area is important price don't stay there
Osok
GU OSOK Looking at COT data and Yield analysis shows that a turning point in the market is likely to occur soon, however, that being said it has never been a wise mans idea to pick tops and bottoms. I am still looking to take shorts and extend the range further, potentially to take out the COVID lows. However, one thing that does discourage me slightly is our inability to expand once reaching beyond dealing range lows, this is a tell-tale sign of weakness. Nonetheless, when price reaches these levels depending on the time and price action I will be looking to go short through the lows.
EU OSOK We did just run into a very very long term Weekly FVG and likely price will have to extend to a further premium than this to warrant a short. That being said, due to the extremely bearish nature of price at the moment, taking a short at this premium above an old high and at a 4H FVG will certainly warrant a good day trade at the least. From here I expect price to take out an old low at discount and continue further north.