akwamfoneventus

08:37

akwamfoneventus

Bottom line is that we have price ramming into a FRESH and very old SUPPLY ZONE, all we need do is wait and watch the SZ push Cable off the high cliff, it happens with an OHLC close below D1 TL then we join the free-fall back to hades. Personally, I wouldn't wait much for what's already dead ill eat it at H1 while the blood trickles 😋😅

05:09

akwamfoneventus

Gold is at a key daily SZ that may likely push it downward to at least the first DZ on H1.

akwamfoneventus

Gold is heading into the 3 following structures; 1. A trendline resistance 2. A Classic Resistance 3. An H1 supply imbalance nested within an H4 Supply Zone Also to note the daily trend is Bearish one , so adding one to one , the best direction to plan an entry is to go short with an exit target below the last D1 supply zone.

akwamfoneventus

Gold is currently reacting to a daily demand zone, with the trendline on the H1 already broken and a HH HL structure gradually crawling up from the demand zone. High probability for a good Retracement rally back to a good supply zone.

akwamfoneventus

Due to the daily supply zone, there is a higher probability that the overall trend will change.