High probability 1:7 Gold buy scenario.Gold is developing nice scenario for upside move. Currently it is under consolidation. We are expecting manipulation toward FVG (1 and 15m overlapping) and then upward movement after liquidity sweep. Below is detail
1. Price has created Break of Structure.
2. Displacement happened, which created FVGs in 5 and 15m overlapping.
3. FVGs are formed in Discount and OTE zone.
4. FVGs are overlapping BB on 5m.
5. HTF bias is also upside.
All these combinations are signalling a high probability and high Risk and Reward (1:7) trade scenario.
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Disclaimer – This analysis is just for education purpose not any trading suggestion. Please take the trade at your own risk and with the discussion with your financial advisor.
