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follow the SOP by LSP (LEFT SHOULDER PAIN) price has a 1 debt zone to buy .. we call it 123 ftb broken,and price can be a fakeout setup . TAYOR ,trade at your own setup.
The analysis based on SnD and Left Shoulder Pain methodology. Gold currently is in PreCompresion "PCP" in Daily TF. Also there is a Compression build-up up to now. So there would be 2 possibility - If Demand continue to exceed Supply, the price will shoot up to a Supply area before PCP structure formed earlier. - otherwise, the price will crash down to a lower...
price has broken a imprtant level,engulfed a 123 ftb and i my view is reentry for buy a gold at this area.
Price is developing a Compression pattern. Potential reversal (Sell) Zone. It also may move up and crease Bumper Zone at higher Sell Zone
Gold created 123+ftb+broken. Potential QM is even stronger due to LL