Structure is bearish while currently sitting at a key demand zone. Not much volume for gold movement currently is London session. I’m eyeing some major volume at the overlap sessions of London and NY. EXPECTING a break of this key level around 1830-35.
If we look at previous price action: we had a major push down to confirm transition in structure then at the bottom of that we got some consolidation. Multiple bounces fro, this level... I believe this level is used up, so I’ll be looking to trade the breakout and retest of that level for a continuation of the bearish structure to fill the previous wick around 1800. At least 75% of that wick.
Although my analysis is bearish.. we trade what we see. We adapt and attack because the market doesn’t have to do shit but take our money.
If we look at previous price action: we had a major push down to confirm transition in structure then at the bottom of that we got some consolidation. Multiple bounces fro, this level... I believe this level is used up, so I’ll be looking to trade the breakout and retest of that level for a continuation of the bearish structure to fill the previous wick around 1800. At least 75% of that wick.
Although my analysis is bearish.. we trade what we see. We adapt and attack because the market doesn’t have to do shit but take our money.