Gold Price surges to the all-time high above $2,130 on weaker USGold prices (XAU/USD) climbs to an all-time high above the $2,100 psychological round mark during the early Asian session on Monday.
The speculation that the Federal Reserve (Fed) has reached its peak of the rate hike cycle boosts yellow metal demand.
Gold price attracts some buyers above the $2,100 mark and has reached the record high of $2,148. At the time of writing, gold price (XAU/USD) is trading around $2,135, up 2.90% on the day.
Asiansession
Time and Price When price liquidating (sweeps) previous day high (same day high/ Asian high ) , and price came to liquidating the high at perfect time London open time 2 ,after collecting Buy side order (buys side liquidity ) prices will tries to push downwards . since , our htf view is bullish this one is low probable set up .. but still a Valid One
In 5 mint time frame , after liquidating pdh. we can see a clear 5 mint engulfing candle .. and price creates a inducement to sweep . we can either enter on the 5 mint candle or after price swp the inducement candle .. while placing SL right above the high and target a nearby imbalance (FVG) or previous day low .