GOLD ALTERNATIVE BIAS: I have noticed something interesting about market structure on the Daily timeframe. There seems to be a lot of resting liquidity on Gold sitting around the 1972 region. Since the start of the year, price has been edging lower, in every instance leaving liquidity above every high which still hasn’t been taken out. It’s a POSSIBILITY that this could be taken out some time early in 2022 before the drop starts. I’m still short to 1570, this is just an ALTERNATIVE scenario to keep us protected hence why my long positions are still open hedged against my sells. If we see a strong rejection around 1750-1740, it’s likely this bias could come into fruition hence why I’ll be taking buys.
I am still in Gold shorts targeting 1570 long term for my investors and myself.
I am still in Gold shorts targeting 1570 long term for my investors and myself.