As expected from previous idea, gold has bottomed right around 1780, supported by 70% OTE.
we have a strong reversal pattern on 1-4h and a inverse h&s on weekly
line path is a rough estimate, join the family for every single trade.
RESPECTIVE TP LEVELS (blue boxes)
We are currently sitting in a Weekly Bearish Orderblock, with 1914 being 50%.
On line chart you can see a pretty clear Inverse H&S, which I believe will be used to correct the steep uptrend.
Blue boxes are Bullish OBs, with 50% marked in red.
Use those areas for possible area of struggle.
Unless we close above 1914, we should see our corrective move down before...
we had a great retest of 1H bullish OB @ 1843.5-1847 and TL Support which proved very strong in favor of the bulls.
we now have a 4H bullish ob sitting above strong support.
Expecting a pullback to the 4H OB and 1850 key level
targets marked in green.
long term we should be heading for the Triple Top @1950
pm me if you need a mentor or help passing ftmo
we have seen our liquidity grab in the form of a h&s.
we will probably remain sideways for a bit longer before breaking up into $1855-65, ideal profit taking levels for institutions
on 1h we can see price reacting to sam and 38% fib.
buys entered at 1820, target 1865