XAUUSD: MARKET ANALYSIS
MARKET STATUS:
1) The market has made a lower low making a change of character from the long to the short side
2) this choch has been made with a heavy imbalance ( fair value gap (fvg))
3) this is what indicated a short bearish momentum and the market is expected to be bearish for
some time
4. the market has been making a pullback
5. the entry can be aimed at around the OB which is at the 0.5 fib level
6. confirm the entry in the15 min time frame by checking for a change of character in that time frame.
1) The market has made a lower low making a change of character from the long to the short side
2) this choch has been made with a heavy imbalance ( fair value gap (fvg))
3) this is what indicated a short bearish momentum and the market is expected to be bearish for
some time
4. the market has been making a pullback
5. the entry can be aimed at around the OB which is at the 0.5 fib level
6. confirm the entry in the15 min time frame by checking for a change of character in that time frame.
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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.