Buy Bias for XAUUSD for Monday 12/02/2024
XAUUSD - For Monday 12/02/2024
- Gold is generally Bullish till the Daily Low created is taken.
- The 4H high has been taken giving us a bullish CHOCH on HTF (HTF CH) creating a new current high then price reversed to 70% of the range giving us a new current low.
- XAUUSD is expected to take the current low come Monday, taking liquidity below it before buying.
- Best entry price area = 2011 to 2013
- this outlook will be invalidated should price decide to take the 4H low.
- Gold is generally Bullish till the Daily Low created is taken.
- The 4H high has been taken giving us a bullish CHOCH on HTF (HTF CH) creating a new current high then price reversed to 70% of the range giving us a new current low.
- XAUUSD is expected to take the current low come Monday, taking liquidity below it before buying.
- Best entry price area = 2011 to 2013
- this outlook will be invalidated should price decide to take the 4H low.
Comment:
Price is now heading towards our buy entry