looks like gold built a lot of liquidity while moving up to 2045, and we targeted 2045 as a liquidity zone on the last gold chart.
As we see MM refused to move the market above 2050 they might be planning for a drop. As per my structure and wave analysis, this is ready to fall. we can see a lot of liquidity on this last up wave.
I'll be looking for a sell setup if the market doesn't break the last high in 2048, and my exact level to look to sell is 2040 if I get a setup there
I marked 1997 as the real stop for this wave down but it's good to take profit on 2005 if this goes as expected
I don't like to write long stories but this is my view and analysis.
trade with care
As we see MM refused to move the market above 2050 they might be planning for a drop. As per my structure and wave analysis, this is ready to fall. we can see a lot of liquidity on this last up wave.
I'll be looking for a sell setup if the market doesn't break the last high in 2048, and my exact level to look to sell is 2040 if I get a setup there
I marked 1997 as the real stop for this wave down but it's good to take profit on 2005 if this goes as expected
I don't like to write long stories but this is my view and analysis.
trade with care
Comment:
1hr chart
Order cancelled:
the structure got changed will update, still good for sells till 2030