OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD is currently retracing after the big push downside
I'm expecting the price go back in the Supply zone (1814) to close the imbalance
We have 2 trendlines (1 minor and 1 major) that are confirming this scenario as it is liquidity to be taken.
I will cetainly take the short that I display if I have a wickoff confirmation in my Supply (Disitrubtion).
Kommentar:
Let me know if you agree with the idea guys
Order storniert:
No confirmation found in the Supply (No Distribution) the price reach directly the Weekly Supply, you can check the new analysis which explain the move.
We are currently in a big 4h-8h manipulation (Distribution) so It's more complex to understand exactly where the price will go but we enter always after a confirmation to avoid any useless risk.
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