Weekly Resistance was hit 2 weeks ago hence the sell reaction last week.
We looking now at a buy up because the 4H OB wasn't mitigated. LQ was taken at the downside but never reached the 4H block which i might count as an inducement.
We might see price get into the 4H block before going up.
We have a lot of reason why we might see gold buy up this week to the LQ and the imbalance above.
This is not a prediction but a probable analysis. Let see what price would do and then follow.
We looking now at a buy up because the 4H OB wasn't mitigated. LQ was taken at the downside but never reached the 4H block which i might count as an inducement.
We might see price get into the 4H block before going up.
We have a lot of reason why we might see gold buy up this week to the LQ and the imbalance above.
This is not a prediction but a probable analysis. Let see what price would do and then follow.