Intraday Analysis - ( 6 FEB 2023 )
Follow up from yesterday analysis , buys were short lived during london session whereby we managed to bag a small take profit. Followed with sells during NY session right back to retest its lows again. However with failure to break the lows, im looking for gold to retest greater sell side liquidity as marked above for shorts. However if price broke its lows at 1860, i will be anticipating price to head down to next price level. On the higher timeframe we may start ranging as mirrored to the left , we are technically in a no trade zone.
HRHR sells 1902 / 1897
MRMR sells breaking back below 1876
Safest sells below 1960
Scalp buys are valid in this range however will be more incline to take buys above 1883
Follow up from yesterday analysis , buys were short lived during london session whereby we managed to bag a small take profit. Followed with sells during NY session right back to retest its lows again. However with failure to break the lows, im looking for gold to retest greater sell side liquidity as marked above for shorts. However if price broke its lows at 1860, i will be anticipating price to head down to next price level. On the higher timeframe we may start ranging as mirrored to the left , we are technically in a no trade zone.
HRHR sells 1902 / 1897
MRMR sells breaking back below 1876
Safest sells below 1960
Scalp buys are valid in this range however will be more incline to take buys above 1883