XAUUSD 17/3/24
Gold has been running highs since the markup we gave out last month, hitting our daily POI and carrying back over into the bullish trend.
In this weeks mark-up we are looking at higher prices again with the clear bullish direction we have, now keep in mind we have 3 highs in play that give us a clear area of liquid to run into so with this principle in place we look to the 5min and see another bullish signal in the form of a swing high between our SWH and SWL range. We currently sit at the base of this range and it will fuel the moves to come following a run of either the high or low of said range, so as shown on our chart we have 3 ideas behind this long shift.
Firstly we run our highs and get an entry within our bullish range to then go high.
secondly we drop lower to sweep the SWL and then we run higher finding a long move the final idea we run into the daily FVG and hourly liquid lows to shift price bullish after most biases have changed to bearish.
Trade price as it delivers and don't get dragged into what you want to see and focus on what you are seeing!
have an amazing week and i wish you all a profitable week!
In this weeks mark-up we are looking at higher prices again with the clear bullish direction we have, now keep in mind we have 3 highs in play that give us a clear area of liquid to run into so with this principle in place we look to the 5min and see another bullish signal in the form of a swing high between our SWH and SWL range. We currently sit at the base of this range and it will fuel the moves to come following a run of either the high or low of said range, so as shown on our chart we have 3 ideas behind this long shift.
Firstly we run our highs and get an entry within our bullish range to then go high.
secondly we drop lower to sweep the SWL and then we run higher finding a long move the final idea we run into the daily FVG and hourly liquid lows to shift price bullish after most biases have changed to bearish.
Trade price as it delivers and don't get dragged into what you want to see and focus on what you are seeing!
have an amazing week and i wish you all a profitable week!
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