An overview of Gold Monday Market Bias... illustrations are given in the chart on the possible retracement and continuation on the Demand zone and FVG created before the previous week close.
1H bullish FVG (currently price bouncing around) possibly to be respected
1H bearish FVG- To Hold or price pushes through it or mitigating and pushes downward
1H open candle- Can serve as a liquidation area pushing into the 30min Demand zone to continue the weekly bear run
( All these zones are possible reversal POIs and must wait for confirmations to enter...
Gold has been on a bearish momentum last week and this week... critical supply zone created to go short on gold as price is targeting to grab liquidity and create buyers trap... confirmation is needed though on the 1ht TF as a CHOCH
Like I said on my earlier post, this week is bullish for Xau expect if price closes below $1707 on a daily candle... early buyers are suffering some drawdown... but we are waiting for price to grab some liq and continue bullish
Critical level to continue bullish trend on UJ... 3rd third of the third and where buyers are looking to hop into the trend...but be more careful and wait for liquidity to be grab as sell traps are been set...
BTC has switched to a bullish trend, so we should expect this week to be bullish for btc but need to wait for a deep retracement to POI mapped out on my analysis. If price close Daily below $205k then we should expect a deeper dump to $17k
This coming week will be bullish for Gold, there are some liquidity sitting below $1710 and $1703... POI is the OB created below those price levels, CHoCH is needed as confirmation to go in for a buy.... happy trading week
