Hey traders, long time! For gold ill be expecting the market to take out the imbalance before continuing higher as we can clearly see a BOS on the 4HR timeframe.. We should be waiting for an accumulation schematic on lower timeframes after price reaches that zone.
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Hi, what BOS is standing for?
Thanks for the analysis.
BrokerNightmare
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@gokhanbuz, Thank you for commenting.
BOS means break of structure.. The markets has broken through previous HH, creating a new one which indicates greater demands than supplies
Thanks for the analysis.