GOLD UPDATE

2 Mar 2023

On the 1D TF price is in a strong downtrend and recently formed a Impulse correction continuation pattern which is currently testing daily supply. On the LTF since bouncing of the 0,618 fib yesterday the 15m is still in a uptrend but there are nice areas of imbalance and liquidity below in which I expect the market to get attracted into. If we see a move to the high of previous day I will be looking for potential short entries at the supply in confluence with the psychological level 1850. Targeting the LQ below the lows at 1800.