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These are my hypotheticals for today’s Gold session. Basically the levels that I will be looking at where it has a higher probabilistic chance the market will start reacting. Then I come up with ways I think the market will react around those levels. During the session I then wait for the market to hit those levels and either confirm or reject my hypothesis. I hope that makes sense. If not, please get in touch with me. I am not selling you anything. I just love to talk to people that are on the same path as me. So don’t be shy and reach out.
Observations of the market
- M: Price within Quarterly and monthly QHi and Supply ZOI
- W: In process of potentially rejection Supply ZOI
- D: Doji Candle within newly formed Supply ZOI just below previous Supply ZOI (7)
- H4: Retest of H4 Supply ZOI with an Evening star
- M30: Continuing making lower highs and lows, Line In Sand: 1713
Hypothetical
Hypo: Pullback to 1713 area, price action confirming bearish sentiment
Entry around 1710, targets 1695, 1685, Extended target 16.70
