GOLD SENARIO 30-10-24
Gold has trapped buyers after breaking out of an uptrend channel. It closed above the channel on the 15-minute timeframe. You’ll notice two zones here: the top one is a minor order block, and the lower one is a major order block. If the price starts forming higher highs at either of these order blocks, a trade opportunity may present itself. Ensure you confirm with signals like fair value gap (FVG) fills and demand fills on smaller time frames.
If gold breaks below the major order block and retraces, we can look for shorting opportunities. Stay patient and wait for solid confirmations.
If gold breaks below the major order block and retraces, we can look for shorting opportunities. Stay patient and wait for solid confirmations.
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.