Dear Traders
Whilst I see the obvious imbalance as well as the possibility of it being mitigated suddenly. Gold is still at risk of a sharp drop to the weekly supply zone with the possibility of closing the market gap created within the supply zone.
The best way to make money from this metal based on what I am seeing is to wait and see if the imbalance would get closed/mitigated or if there would be a sharp drop to the supply zone or even the weekly "ORDER BLOCK" just below the supply zone as the correction may not be over yet.
I am going to sell gold from anywhere between 2001-2022 or below from the supply zone with a reasonable lot size as I still see the possibility of the bullish order block being mitigated.
Having said all this, there are still opportunities for a short buy to 1951-1958 whilst waiting to see what happens next.
Whilst I see the obvious imbalance as well as the possibility of it being mitigated suddenly. Gold is still at risk of a sharp drop to the weekly supply zone with the possibility of closing the market gap created within the supply zone.
The best way to make money from this metal based on what I am seeing is to wait and see if the imbalance would get closed/mitigated or if there would be a sharp drop to the supply zone or even the weekly "ORDER BLOCK" just below the supply zone as the correction may not be over yet.
I am going to sell gold from anywhere between 2001-2022 or below from the supply zone with a reasonable lot size as I still see the possibility of the bullish order block being mitigated.
Having said all this, there are still opportunities for a short buy to 1951-1958 whilst waiting to see what happens next.
FINSPOT ACADEMY