Was expecting Gold to be bearish with FED interest rate hike of 75 basis points.
There was an institutional move up to the 71.8% fib of the earlier institutional sell.
The move up yesterday left several areas of imbalance where I think price would like to return to.
These have been identified in the chart through Fibs, 50% of institutional candles and an order block where SLs were killed prior to the rally.
See the chart for bounce areas of interest
.......Of course, it may all just go above 1870 and beyond
There was an institutional move up to the 71.8% fib of the earlier institutional sell.
The move up yesterday left several areas of imbalance where I think price would like to return to.
These have been identified in the chart through Fibs, 50% of institutional candles and an order block where SLs were killed prior to the rally.
See the chart for bounce areas of interest
.......Of course, it may all just go above 1870 and beyond
Trade closed: target reached:
Boom!
1. Identify the trend
2. Identify areas of imbalance alongside Fibonacci points