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).
Comment:
Let me know if you agree with the idea guys
Order cancelled:
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.
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.