Too much sell orders created this move down and we should get some bounce when price will get back there
There is strong order flow imbalance visible on 4h and we are low in overall gold price. High probability.
Some order flow imbalance in these areas could trigger short selling
1:5 possible trade with long term trend from supply zone We have some demand zone below, which should bounce enough to this supply zone
Imbalance in order flow in this area
Unfilled buy orders on Dax
We see some unfilled demand orders on 4h, so any currencies against the dollar would look similar.
DXY short if Le Pen will not win Not much demand below next H4 zone
GBP NZD short from supply zone 4h
WTI short from intraday 15m zone
Overextended wti drop into demand 4h zone, long till supply 4h zone above
WTI long from daily demand zone 48.13 - 47.00
NZD USD from 4h supply zone
Unless Le Pen wins next weekend, DXY is heading lower, because less and less demand is seen. Weaker bounces also support this idea.
Last trade on EUR CAD was 1:5 RR. There is no supply above, so price can freely go up. Large interest in buying and that's why we see a lot of demand quickly filled below
Demand zone failed today. Now looking for rally up to enter downtrend till 4h demand zone