Innercircletrader
Gold price rising? Only to plunge again! ICT Approach To XAUUSD.Hello Traders!
  We see a test of the  2080 resistance level  once again. Weekly and daily ranges are marked on the chart. 
  The market is in  premium zone  on the weekly and  Lower High (LH)  picture is maintained on the daily. 
  Also, we're in a  discount zone on the daily . Hence some retracement to equilibrium and the  daily bearish order block (OB)  is expected.
  The  daily OB is also overlapping with a weekly bearish OB . That makes the  1940-1945  zone an extremely important resistance. Strong selling is expected from the said level.
  The quarter has just ended on 30th June 2023 and this quarter is expected to be bearish as well. Although the seasonal tendency of XAUUSD in July is bullish, the same may not be expected this time but  could be a cause for deeper retracements.  
 
Do use proper risk management.
Happy Trading!
 Profits,
Market's Mechanic.






