#GOLD
Gold is still looking bearish on my chart. I think the market will move down first because the overall trend is still on the downside.
My first target is the last Fair Value Gap (FVG). If sellers stay strong, the price may continue lower and reach the CHOCH level.
If price goes up first, I expect a liquidity hunt before another drop. This can trap buyers, and then the market may continue lower.
Only if the price breaks the FVG with a strong move will the next target be the BOS. Right now, I think this has a low chance.
#GOLD
📉 Bias: Bearish
🎯 Main Target: Last FVG → CHOCH
⚠️ Alternative: Liquidity hunt first, then downside. A strong FVG break can open the way to BOS, but the probability is low.
#crypto #Binance #trading
This is my personal market view, not financial advice.
Gold is still looking bearish on my chart. I think the market will move down first because the overall trend is still on the downside.
My first target is the last Fair Value Gap (FVG). If sellers stay strong, the price may continue lower and reach the CHOCH level.
If price goes up first, I expect a liquidity hunt before another drop. This can trap buyers, and then the market may continue lower.
Only if the price breaks the FVG with a strong move will the next target be the BOS. Right now, I think this has a low chance.
#GOLD
📉 Bias: Bearish
🎯 Main Target: Last FVG → CHOCH
⚠️ Alternative: Liquidity hunt first, then downside. A strong FVG break can open the way to BOS, but the probability is low.
#crypto #Binance #trading
This is my personal market view, not financial advice.