LeBron Trade: Long on Daily -XAUUSD Swing Trade
Price has dropped quickly from NFP and there is a liquidity void from the drop. Price is now searching for liquidity to go long and I am looking for price action to take out the low with the blue x. Taking out that low will hit stop losses and activate sell stops. This will give the banks liquidity. Price will then hit the daily order block, allowing them to purchase gold at a bargain again. I expect price to take out daily highs and eventually the monthly high which is a wick.
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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.