Good evening traders! This has been an amazing week for me (150% Gains); I hope you all can say the same!
Here, I have a couple Smart Money concepts for those who are thinking of shorting gold. The crucial part about today is the banks drove price right to a supply zone so that it could be mitigated. Now I have a feeling banks a will run price down again to take out the retail traders going long. Due to the rally there are imbalances and quite a bit of liquidity down below (not to mention all the late retail traders who entered in FOMO). I shorted earlier and took profit to keep from holding over the weekend. I will look for more confirmation Sunday. If this current level breaks I will use the next best Order Block (confirmed by volume) to look for shorts.
HAPPY TRADING AND STAY SHARP D-RayFX I AM NOT A FINANCIAL ADVISOR. THIS IS NOT ADVICE
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.