The violence in Israel that erupted this weekend is prompting a move into safe-haven assets as investors closely watch events in the Middle East to gauge the geopolitical risk to markets.
Technically Gold Setup:
After monday market gap up open we see small pullback of gold and test 1844 level sweep the Buy side liquidity and break its Day high and test 1865.
Tuesday(Today);
Gold Price retrace to its h4 Imbalance or fair value gap and mitigate the gap and in 1h test its 61% fib level so here we wait for the break out of 15h structure to the upside 1859.
Then we enter our long position for the target of 1872 Weekly or daily gap fill level and price fill the gap of march 2023.
Technically Gold Setup:
After monday market gap up open we see small pullback of gold and test 1844 level sweep the Buy side liquidity and break its Day high and test 1865.
Tuesday(Today);
Gold Price retrace to its h4 Imbalance or fair value gap and mitigate the gap and in 1h test its 61% fib level so here we wait for the break out of 15h structure to the upside 1859.
Then we enter our long position for the target of 1872 Weekly or daily gap fill level and price fill the gap of march 2023.