Dear Traders,
I am quite neutral on Gold for today until I see how the daily candle closes. From my chart, I could see that Gold is obviously bearish on the weekly but still leaving us with an unmitigated Fair Value Gap just below the daily order block.
I am actually looking forward to seeing Gold retest 2001-2022 zone and hoping to see a closure below the 1980 -1993 zone this week to revalidate my general bearish bias for this metal.
For now, I am going to wait to see what smart money plans to do with this pair today, then will follow their footprint.
Trade safely and apply proper risk management
I am quite neutral on Gold for today until I see how the daily candle closes. From my chart, I could see that Gold is obviously bearish on the weekly but still leaving us with an unmitigated Fair Value Gap just below the daily order block.
I am actually looking forward to seeing Gold retest 2001-2022 zone and hoping to see a closure below the 1980 -1993 zone this week to revalidate my general bearish bias for this metal.
For now, I am going to wait to see what smart money plans to do with this pair today, then will follow their footprint.
Trade safely and apply proper risk management
FINSPOT ACADEMY