$XAU - thankfully this post from time back hedged some spot L's
It hit the 1M OTE - expect reaction
That reaction was double bottom on the 1D
Also broke a bull flag and another descending consolidation trendline
Measure move target hit nicely
And the 1D supply gave bearish reaction as expected
Now trying to find where to rebuy
Few ideas - claim of the 1M bowl kneckline as the 1M chart is very much a bowl and handle (handle is the bull flag)
Or claim of the 1 - no double fake-outs
Even a flip of this 1D Supply could be a good entry provided context
Only bearish thing really from a money makers POV there will be good buyside liquidity above the equal highs which may give a bit of bearish reaction provided context
That reaction was double bottom on the 1D
Also broke a bull flag and another descending consolidation trendline
Measure move target hit nicely
And the 1D supply gave bearish reaction as expected
Now trying to find where to rebuy
Few ideas - claim of the 1M bowl kneckline as the 1M chart is very much a bowl and handle (handle is the bull flag)
Or claim of the 1 - no double fake-outs
Even a flip of this 1D Supply could be a good entry provided context
Only bearish thing really from a money makers POV there will be good buyside liquidity above the equal highs which may give a bit of bearish reaction provided context