XAU/USD 15M - As you can see above price has trailed up into a Supply Zone that I have found from the initial impulse that broke structure to the downside.
This Supply zone has been clearly tapped into which has introduced enough supply into the market potentially reverse this current fractal correction and start its next leg lower. I have gone ahead and found another fractal Supply zone for us to get a refined entry from
The zone I have highlighted is around 1803-1804, I want to see price tap into that and reject well from it giving us some kind of confirmation to enter, from there I believe price will continue to put in this bearishness and surpass our TP1 target.
This Supply zone has been clearly tapped into which has introduced enough supply into the market potentially reverse this current fractal correction and start its next leg lower. I have gone ahead and found another fractal Supply zone for us to get a refined entry from
The zone I have highlighted is around 1803-1804, I want to see price tap into that and reject well from it giving us some kind of confirmation to enter, from there I believe price will continue to put in this bearishness and surpass our TP1 target.