Potential short term reversal on Gold. 1920 Short opportunity

29 jun 2023

Gold has been in a downtrend ever since hitting ATH. We are currently in a discount area and I could see Gold reversing from here to sweep buyside liquidity with Low Resistance Liquidity Run resting above us. 1920 is a good high probability area to enter a short position IMO

30 jun 2023

Nota

As mentioned yesterday, Gold was ready to bounce off a HTF discount area as well as sweep buyside liquidity.

3 jul 2023

Nota

So far it's playing out how expected last week. Gold swept Buyside Liquidity, we ould see a small retracement targeting imbalance created during Asia and London Session before seeing lower prices. Preferably I'd like to see Gold sweeping previouys weeks low and have another leg down before we could have a change in market structure.