Hey guys, according to my bias
Currently gold is continuing a bullish trend.
Daily Timeframe:
Theres 2 possibilities that i'm currently watching:
1. Price will drop and reach our buy zone ( 1954 -1966) then correct up to our Supply OB (2008-2023). If price manages to break our resistance and stabilise above our first supply OB, then we can see price rise up to 2039-2050 (our second supply OB).
2. Price will continue to rise up to reach our Supply OB (2008-2023).
Imbalance:
If price manages to drop and break our demand zone (1908-1934), and stabilise below 1908, there is a possibility that price is completing our 2nd imbalance.
1hr timeframe:
Theres 2 possibilities that i'm currently watching:
1. we have a RBS zone, if price breaks below our rbs zone, theres a possibility of price reaching our buy zone before pushing up.
2. we have a RBS zone, if price respects our rbs zone, then you can expect price to rise to our supply zone
What do you guys think?
Currently gold is continuing a bullish trend.
Daily Timeframe:
Theres 2 possibilities that i'm currently watching:
1. Price will drop and reach our buy zone ( 1954 -1966) then correct up to our Supply OB (2008-2023). If price manages to break our resistance and stabilise above our first supply OB, then we can see price rise up to 2039-2050 (our second supply OB).
2. Price will continue to rise up to reach our Supply OB (2008-2023).
Imbalance:
If price manages to drop and break our demand zone (1908-1934), and stabilise below 1908, there is a possibility that price is completing our 2nd imbalance.
1hr timeframe:
Theres 2 possibilities that i'm currently watching:
1. we have a RBS zone, if price breaks below our rbs zone, theres a possibility of price reaching our buy zone before pushing up.
2. we have a RBS zone, if price respects our rbs zone, then you can expect price to rise to our supply zone
What do you guys think?