Gold - Double Liquidity Plan
Gold is following a SMC and is doing so in 3 phases
a. Consolidation - price is kept to a rectangular zone with defined support and resistance.
b. Double Liquidity - here a run takes place in both directions, from this contraction zone. This traps both buyers and sellers. This phase is complete.
c. Trend - the real direction of the market. This should play out in the coming week, whether we break the Supply or Demand Zone.
I would appreciate any comments on where traders have a bias for and why.
a. Consolidation - price is kept to a rectangular zone with defined support and resistance.
b. Double Liquidity - here a run takes place in both directions, from this contraction zone. This traps both buyers and sellers. This phase is complete.
c. Trend - the real direction of the market. This should play out in the coming week, whether we break the Supply or Demand Zone.
I would appreciate any comments on where traders have a bias for and why.
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