After tapping into the blue shaded area which is a D1 bullish order block we saw gold rallying up before last week closed.
This rally up resulted in market structure short term shift in market structure to the upside.
This coming trading week I'm expecting gold to:
1) Open and trade into the recent bearish candle and continue its rally up into the bearish order block after covering the fair value gap just below it. So seek to buy it there with stops below that last black candle
2) If the recent down close candle doesnt hold price up, price will return to test the first order clock(last down close candle) that caused the shift in market structure to the upside then rally up to clear liquidity on the previous highs tapping into the bearish order block then sell off from there.
Good luck and good trading
Dont forget to comment and BOOST this post
This rally up resulted in market structure short term shift in market structure to the upside.
This coming trading week I'm expecting gold to:
1) Open and trade into the recent bearish candle and continue its rally up into the bearish order block after covering the fair value gap just below it. So seek to buy it there with stops below that last black candle
2) If the recent down close candle doesnt hold price up, price will return to test the first order clock(last down close candle) that caused the shift in market structure to the upside then rally up to clear liquidity on the previous highs tapping into the bearish order block then sell off from there.
Good luck and good trading
Dont forget to comment and BOOST this post