Gold - 4 March 2022

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Price mitigates the low of last major B2S which is also the low of 4H Extreme. After liquidation, we get a 15m bearish CHoCH, it's the first sign of bearish intention. The way price move to sweep the LQ and complete the CHoCH is pretty impulsive, we may consider this as a V-shape recovery, aggressive up aggressive down. I will be favoring short atm, if price gives a confirmation after the sweep the 15m IRL, I will be entering to a short.

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ملاحظة

If price take out the 5m demand while respecting the high, I will be looking for short.