[Daily Bias] Gold - Wed 09042024 - Ranging inside VA
The price opened within the previous Value Area, so we have two scenarios today (be cautious of the news in New York):
- If the VPOC does not reject the price, it may continue to rally and test the VAH.
- If the VPOC rejects the price and the VAL cannot hold, the price may drop significantly, potentially leading to a big move following the news.
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