GOLD: Signs of the new high coming
Keeping it simple.
Price has taken liquidity from a discounted low and offered fair value again. Reacting from a fair value gap with forming new gaps is a really bullish sign. Now I want to see a tap into the daily fvg (which is still forming tho). The reaction should be immediate, with big momentum to the upside. Anything less is suspicious. I completely abandon my idea if we get a bearish close below the daily gap.
OK byyy be safe!
Price has taken liquidity from a discounted low and offered fair value again. Reacting from a fair value gap with forming new gaps is a really bullish sign. Now I want to see a tap into the daily fvg (which is still forming tho). The reaction should be immediate, with big momentum to the upside. Anything less is suspicious. I completely abandon my idea if we get a bearish close below the daily gap.
OK byyy be safe!
Order cancelled:
It is most likely that we get a close below the invalidation line, so the idea is not relevant anymore. DXY made a push higher and most likely will push until 104.263. So 2013.34 is the low I'm watching for gold as a target.