We have seen of late a turtle soup long on gold after taking out sellside liquidity of previous low. What could it be reaching for and where will be the next draw on liquidity?
On D1 basis there is a volume imbalance in the discount zone within the dealing range high to low.
This will act as tge PD Array Matrix that will pull price toward it.
After filling in the sellside imbalance buyside inefficiency on H4', tapping into the annotated grey area(bearish order block), we should see gold pushed lower to meet its downside objectives afore mentioned. I would look to go short on the h4 bearish OB.
Good luck and good trading!
On D1 basis there is a volume imbalance in the discount zone within the dealing range high to low.
This will act as tge PD Array Matrix that will pull price toward it.
After filling in the sellside imbalance buyside inefficiency on H4', tapping into the annotated grey area(bearish order block), we should see gold pushed lower to meet its downside objectives afore mentioned. I would look to go short on the h4 bearish OB.
Good luck and good trading!