Currently I'm just waiting for us500 to rise up to 4005 which is my liquidity area for it to then drop down to the 3960 area taking out multiple traders along the way.
using smc i'm looking for a liquidity drop down towards the 35 area resulting in a spike up to 60-63.
I believe due to Golds current pa and its triangle that retail trader will be entering into longs right about now hoping for a break, IT traders will then liquidate all SL’s down to 1652-53 where they will then buy to 1663.
Usd/jpy has just started to retrace resulting in a long setup to the bms.
I'm currently waiting for price to retest the order block on uj resulting in it to break structure and then fall down to 133.2-133.1 as the tokyo session begins to start.
from what uj has shown at this resistance is that vital spikes do occur, i expect it to spike up today resulting in more consolidation and then a drop down to 130.715
Xau is currently at a support area which i believe could result in gold having one last push up to 1773 right before its drop to the 1760 region.
Here’s what I think Bitcoin could do! Let me know what you think.
Now we all know Gold is in a crucial position at this current moment, now me what I would do is not to get in with FOMO and rush, wait and see for an obvious direction move. I am Bullish but before Gold can rise there is a possibility it could drop a little towards the 1800 area before a shoot up towards 1860.