[Daily Bias] Gold - Wed 09112024 - Continue Rally

11 сент.

The price is rallying with strong momentum, and I expect the rally to continue today following the CPI release. I anticipate two possible scenarios:

1. The previous Value Area High (VAH) holds, allowing the price to continue its upward rally after the CPI release.
   
2. The price pulls back into the previous Value Area, holds there until the CPI release, and then resumes the rally
   

11 сент.

Комментарий

Entry follow Wyckoff plan

11 сент.

Комментарий

Enter after the price rally stalls due to absorption, indicated by high volume without further upward movement