XAU/USD 15M - I was originally looking to go short from the Supply Zone I have marked out at 2031-2034, but we have seen that price has absorbed that Supply well and has continued to trade us higher.
This has now made my bias flip temporarily as clearly there is still more Demand in this market than there is Supply. All this means is that I feel price may continue to trade us higher up and into the Supply Zone I have marked out at the 2048 region before taking that move to the downside.
So with that being said we can look to take advantage of this current bullishness and buy into this market trading price up and into the Supply Zone we have marked out.I have gone ahead and set a Buy Limit at the fractal Demand Zone I have marked out.
I feel price will come to correct itself, trading us down clearing the inefficient structure introduce more Demand then go on to take a new high within this current phase.
This has now made my bias flip temporarily as clearly there is still more Demand in this market than there is Supply. All this means is that I feel price may continue to trade us higher up and into the Supply Zone I have marked out at the 2048 region before taking that move to the downside.
So with that being said we can look to take advantage of this current bullishness and buy into this market trading price up and into the Supply Zone we have marked out.I have gone ahead and set a Buy Limit at the fractal Demand Zone I have marked out.
I feel price will come to correct itself, trading us down clearing the inefficient structure introduce more Demand then go on to take a new high within this current phase.