Gold futures
Hello fellow traders, this is my first post on my favorite commodity/thing to trade.
Higher TF analysis Supply - Price has just entered a 4hr supply zone and in order for this trade to work out properly, it needs to form a rally-base-drop (rbd). As you can see from the time of this posting, only a rally-base has been formed so we would have to wait and see what candle appears next to give us a better understanding of what structure the big boys (banks & institutions) are trying to put in. The idea is to ride along with the big boys since we are just small players in this big game. :)
Higher TF analysis Demand - Price came close into 4hr demand zone and has been rejected. However, since price has not entered the 4hr demand zone, I do believe price would come back down into this demand zone and test it.
Lower TF analysis Supply/Demand - Key levels that have been put in before main higher TF structures are being formed. If either level gets broken you can see price trying to find the true areas of Supply or Demand.
I hope the way I bring about my analysis is clear enough for everyone to understand. If any doubts, do leave some feedback be it positive or negative. I'm all ears and will improve myself. Drop a like and comment too!
Thank you.
Icecoldbear
Higher TF analysis Supply - Price has just entered a 4hr supply zone and in order for this trade to work out properly, it needs to form a rally-base-drop (rbd). As you can see from the time of this posting, only a rally-base has been formed so we would have to wait and see what candle appears next to give us a better understanding of what structure the big boys (banks & institutions) are trying to put in. The idea is to ride along with the big boys since we are just small players in this big game. :)
Higher TF analysis Demand - Price came close into 4hr demand zone and has been rejected. However, since price has not entered the 4hr demand zone, I do believe price would come back down into this demand zone and test it.
Lower TF analysis Supply/Demand - Key levels that have been put in before main higher TF structures are being formed. If either level gets broken you can see price trying to find the true areas of Supply or Demand.
I hope the way I bring about my analysis is clear enough for everyone to understand. If any doubts, do leave some feedback be it positive or negative. I'm all ears and will improve myself. Drop a like and comment too!
Thank you.
Icecoldbear
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