GOLD - Seeing that price has reacted off of the HTF Demand, I will be looking for areas of LTF Demand until price reaches the Monthly, Weekly and Daily chart Supply. We remain REACTIVE, not PREDICTIVE.
Nas100: Looking at the current market conditions, price is reacting from a HTF demand. To confirm that this demand will hold, I will be looking for further LTF confirmations and breaking of structure (HH & HL). That being said, HAPPY TRADING.
After seeing what FOMC did yesterday and that it didn't quite give us much of a push to anywhere, but stayed inside a consolidation, I have this set of analysis, in my opinion that I'm watching out for.
Considering that the chart is in an overall HTF bearish state and has also not yet presented us with long setups, I'm still looking for short objectives, obviously not forgetting that on a HTF, price is consolidating inside demand. One of two things can happen and I'm going to be watching price action and will update moving forward.
Considering the general direction of this chart on a higher time frame basis. I'm obligated to look for shorts on lower time frames, after obviously being presented with all criteria.