Good evening traders! This has been an amazing week for me (150% Gains); I hope you all can say the same!
Here, I have a couple Smart Money concepts for those who are thinking of shorting gold. The crucial part about today is the banks drove price right to a supply zone so that it could be mitigated. Now I have a feeling banks a will run price down again to take out the retail traders going long. Due to the rally there are imbalances and quite a bit of liquidity down below (not to mention all the late retail traders who entered in FOMO). I shorted earlier and took profit to keep from holding over the weekend. I will look for more confirmation Sunday. If this current level breaks I will use the next best Order Block (confirmed by volume) to look for shorts.
HAPPY TRADING AND STAY SHARP
D-RayFX
I AM NOT A FINANCIAL ADVISOR. THIS IS NOT ADVICE