If you look left at the price action, you’ll see there was small liquidity sitting at $2,007. This has now been taken out, marking an OVEREXTENDED Wave V. Possible to still push a little higher on internal price action (smaller TF), but let’s wait for price to settle down on the external side.
2 Possible Scenario's On Next Play👇🏽
1. Gold drops from here & breaks a few structures, which'll allow us to enter sells after retest of a supply zone.
2. Price will enter a 'distribution phase' here, allowing institutional sellers to accumulate their orders.
2 Possible Scenario's On Next Play👇🏽
1. Gold drops from here & breaks a few structures, which'll allow us to enter sells after retest of a supply zone.
2. Price will enter a 'distribution phase' here, allowing institutional sellers to accumulate their orders.