mannfx88

Gold EURO Session Forecast - 6 Mar 2024

Short
CITYINDEX:XAUUSD   Gold Spot / U.S. Dollar
Confluences for LONG position.
*H4 significant BOS chart pattern kept on printed LHLHHH.
*H4 has formed a new CM Buy (FA) as Cs pattern Doji.
* All Time Highs from swing low 15 Feb 24.
* Focus PB Buy at RBS zone or LS CM H4.Instant CL once BBS LS.
* H4 CP bullish Pennant has BOS Hi as confluence the market trend bullish rally.

Confluences for SHORT position.
* Price has reached at high liquidity zone nearly close to 04 Dec 2023 high and forming a Tweezer top CP.
* Cs CM H4 has formed Doji pattern as an early signal for setup reversal sell.
* High risk to hold long sell cause liquidity to the upside still remains.
* Scalping Sell with a small lot size at LTF intraday key level with confirmation Cs pattern.
Exp:- Doji / Harami Solid Sell/DE/HNS/Solid Engulf/ BE type 1 & type 2.
* Awaiting low momentum Cs H4 / D1 Buy (LA) or CM H4 Sell (FA) to eliminate the buying power.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.