Margalla

Margalla

Gold has recently touched an imp 1680 level.All the downside liquidity hunted.Considering its bearish trend , it is retracing back to trendline. I have marked Fair value Gap + Bearish order block which coincide with trendline thus making it High probability Bullish move upto 1800.Furthermore Dollar Index sliding lower increases probability of my setup. TP level - 1800

Margalla

1. Fiber has clear Fair Value Gaps to fill as indicated in my chart. 2. Resistance line drawn & order block converge at the same level of 1.0400 3. Monday will likely to be low of the week & Tuesday will begin bullish expansion 4. Dollar Index is likely to be bearish this week up to 104.30 level which will make Major pairs bullish. 5. Watch out Fundamentals of...