Gold Weekly Income, S&D pt 1
HTF - Weekly= High on Curve, focus on selling in STF supply zones
ITF - Daily= Downtrend (LL, HH, LL, HH) (2 consecutive violations of demand zones)
Approaching HTF DZ in middle of curve, potential to take an aggressive long, only if profit margin is available (>3:1), if profit margin is low then sell on the retest of the SZ
S&D levels outlined with respective colours and highlighted
ITF - Daily= Downtrend (LL, HH, LL, HH) (2 consecutive violations of demand zones)
Approaching HTF DZ in middle of curve, potential to take an aggressive long, only if profit margin is available (>3:1), if profit margin is low then sell on the retest of the SZ
S&D levels outlined with respective colours and highlighted
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