1H and 4H are currently bullish and as a trader looking for intraday setups, I scale down on the 15m Time frame With the market structure showing a mitigated demand zone. With that in mind, We have a market structure shift that was formed after a candle stick closed below the previous low leaving us with an inner structure which acts as a POI (demand zone) and if price mitigates that zone and respects it the we can go in for sells.
Keep in mind mitigated zones always carry liquidity.
But with the current Israel-Hamas conflict, anything can happen and Gold can still shoot up. Lets wait and see how price reacts to our POI's.
Keep in mind mitigated zones always carry liquidity.
But with the current Israel-Hamas conflict, anything can happen and Gold can still shoot up. Lets wait and see how price reacts to our POI's.
Comment:
The set up is still valid