Gold Trade Ideas (Wednesday June 7)
Market Structure:
- Weekly: Ranging between 1983 and 1927
- Daily: Ranging between 1978 and 1940
- 4H: Ranging
- 1H: Ranging between 1965 and 1956
Data in focus:
- None
Trade Ideas:
1. Buy: 4H KL Retest (1956)
- multiple rejections at 1956 showing buyer demand
- Bottom of the range on 1H, 4H
- Recent rejections from 1940 demand zone, buyers currently in control after liq grab
2. Buy: 1H BOS Retest (1965)
- WAIT for 30 or 60 min candle closures above 1965
- Confirm USD weakness sentiment
3. Sell: HTF Supply Zone Retest (1978-1980)
- Major liquidity zone on HTF
- Many KL confluence in one area
- Top of the range rejections in range bound markets
4. Sell: 1H BOS Retest (1956)
- WAIT for Strong 30/60 min candle closures below 1956
- USD strength coming in
- Weekly: Ranging between 1983 and 1927
- Daily: Ranging between 1978 and 1940
- 4H: Ranging
- 1H: Ranging between 1965 and 1956
Data in focus:
- None
Trade Ideas:
1. Buy: 4H KL Retest (1956)
- multiple rejections at 1956 showing buyer demand
- Bottom of the range on 1H, 4H
- Recent rejections from 1940 demand zone, buyers currently in control after liq grab
2. Buy: 1H BOS Retest (1965)
- WAIT for 30 or 60 min candle closures above 1965
- Confirm USD weakness sentiment
3. Sell: HTF Supply Zone Retest (1978-1980)
- Major liquidity zone on HTF
- Many KL confluence in one area
- Top of the range rejections in range bound markets
4. Sell: 1H BOS Retest (1956)
- WAIT for Strong 30/60 min candle closures below 1956
- USD strength coming in
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