GOLD TRADE FOR MONDAY OPENING 20 JAN 25
We can observe that price has executed a significant major and internal liquidity sweep. Currently, price is positioned within a key order block or demand zone. Gold has undergone a healthy retracement within the context of our prevailing uptrend. Given that liquidity has been effectively absorbed, our strategy is to wait for a break and a confirmed close above the recent highs.
Additionally, we anticipate that a candle may fill the fair value gap (FVG), which could provide further confirmation of bullish momentum. The optimal entry point will be after a clear break of structure (BOS), ensuring that we align with the direction of the prevailing trend.
Additionally, we anticipate that a candle may fill the fair value gap (FVG), which could provide further confirmation of bullish momentum. The optimal entry point will be after a clear break of structure (BOS), ensuring that we align with the direction of the prevailing trend.
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