GOLD is over extended to the downside and well due a corrective move. However I consider this setup to be high risk as it is against the bearish order flow/ momentum of the market.
I am monitoring the Low of the previous day which is the origin of the move which created a 15min sweep and Bullish MSS yesterday, price as we speak is sweeping Stops below the Asian session low I will be waiting on the 1min TF to see one of our VALID ENTRY CONFIRMATIONS before I consider taking this setup, Targets if I find a entry will be todays Asia session high and the high of previous day. Due to the setup being against the order flow IF I find an entry it will be with reduced risk.
I am monitoring the Low of the previous day which is the origin of the move which created a 15min sweep and Bullish MSS yesterday, price as we speak is sweeping Stops below the Asian session low I will be waiting on the 1min TF to see one of our VALID ENTRY CONFIRMATIONS before I consider taking this setup, Targets if I find a entry will be todays Asia session high and the high of previous day. Due to the setup being against the order flow IF I find an entry it will be with reduced risk.