Gold on high time frame
Hello traders, I hope you are doing well.
I have two senarios for gold this week.In the previous week, gold reached a fair value gap in the weekly timeframe.In my opinion , if it closes below the zone I have identified as IDM 4H , there is a high probability that it will move lower.However , if it fails to close below the IDM zone and reaches the previous daily high , it presents a good opportunity fore a long position in a pullback .
I have two senarios for gold this week.In the previous week, gold reached a fair value gap in the weekly timeframe.In my opinion , if it closes below the zone I have identified as IDM 4H , there is a high probability that it will move lower.However , if it fails to close below the IDM zone and reaches the previous daily high , it presents a good opportunity fore a long position in a pullback .
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.