If you don't Understand Mitigating institutional candles, do some quick research. Gold has been institutionally mitigating almost the entire time. But I think I've spotted the next mitigation point .... Between 1932.082
and 1928.01.
I found this flat top bear candle on the 3 HR Chart. A sell to Buy candle. Institutional candle. The institutions are still holding a position within that candle. And as soon as they reach that price point where they're holding the sell, they'll release it and you'll see an automatic buy. That buy will take out liquidity above so don't expect it to stop at a resistance level. Exxpect it to go through that level for quite some ways before rejecting back into the accumulation area.
Smart Money Trade
I could be entirely wrong, but this is what I've back tested.
and 1928.01.
I found this flat top bear candle on the 3 HR Chart. A sell to Buy candle. Institutional candle. The institutions are still holding a position within that candle. And as soon as they reach that price point where they're holding the sell, they'll release it and you'll see an automatic buy. That buy will take out liquidity above so don't expect it to stop at a resistance level. Exxpect it to go through that level for quite some ways before rejecting back into the accumulation area.
Smart Money Trade
I could be entirely wrong, but this is what I've back tested.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
I'm going to wait for the start of the London Session to react to the mitigation of these candles. But the idea is out there.