Delayed Sustained Auction — Gold

SESSION OVERVIEW

Today’s London session opened at D1/H4 QLo and saw an initial probe above the IBH before reversing within IBR although due to the multiple probes above the IBH price showed strength and eventually saw a 2nd DTTZ Delayed Sustained Auction play. This happened before reversing in the hour before NY open. A quick liquidity probe testing H4 Supply that is Low within the Distribution Curve.

PUBLIC TAKEAWAY

Trading location is always the key to uncovering the bias of the narrative that is unfolding on the day.

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