Glossary:
Ged = Bearish scenario
Green = Bullish scenario
POI = Point of interest
ATH = All time high
LQ = Liquidity zone
Gold since the beginning has been moving in a range and break fashion you'll see this across the board, always. A 4hr range is in the process of being formed ideally what wed like to see is for the high to be matched first. That simply would give more confidence for the bears to get in and short the market however now we sit with the though of where will it go first?
preferred bias
Buys to sell, ideally and the most logical outcome is the highs do get matched forming a strong liquidity zone that can be targeted at a future date, as price begins to fall new points of interest can then be formed (since there isn't a lot to target above right now), this will allow the market to have areas it can market when we see the bullish side of this range play out when ever that may be.
Structure
Current structure allows you to get in trades, previous structure allows you to get out of trades use it to your advantage, think. where does the money want to move next where will the banks get the best bang for their buck and most importantly where can we cause traders to LOSE, a trade you win is a trade someone else lost. so long you stick with where the big guys want to go you'll be on the right side
Bullish bias (green)
Key points get broken, imbalance fill, ATH matched (this is where short orders get stacked, future sweep target.
Bearish bias (red)
Area 1, this is the first key low im looking to break if we see a candle close below continue to area 2, there are traders who WILL get stopped out at zone 1
Area 2, this is our next key point in structure there will still be traders with open positions here also, again if we see a candle close below this zone continue to monitor for Area 3
Area 3, this may be a final target, however there's still POI's sat below if price shows strong signs of bearish momentum target Areas 4 and below can be open for discussion
Conclusion
personally i would like to see POI's built on the buy side as of right now before we move down simply because the market NEEDS somewhere to move from and to without that it would be erratic.
If you found this helpful be sure to boost this idea, give a like and a follow, consistent charts will be posted on a weekly basis and let me know what you think down in the comment section too :)
Ged = Bearish scenario
Green = Bullish scenario
POI = Point of interest
ATH = All time high
LQ = Liquidity zone
Gold since the beginning has been moving in a range and break fashion you'll see this across the board, always. A 4hr range is in the process of being formed ideally what wed like to see is for the high to be matched first. That simply would give more confidence for the bears to get in and short the market however now we sit with the though of where will it go first?
preferred bias
Buys to sell, ideally and the most logical outcome is the highs do get matched forming a strong liquidity zone that can be targeted at a future date, as price begins to fall new points of interest can then be formed (since there isn't a lot to target above right now), this will allow the market to have areas it can market when we see the bullish side of this range play out when ever that may be.
Structure
Current structure allows you to get in trades, previous structure allows you to get out of trades use it to your advantage, think. where does the money want to move next where will the banks get the best bang for their buck and most importantly where can we cause traders to LOSE, a trade you win is a trade someone else lost. so long you stick with where the big guys want to go you'll be on the right side
Bullish bias (green)
Key points get broken, imbalance fill, ATH matched (this is where short orders get stacked, future sweep target.
Bearish bias (red)
Area 1, this is the first key low im looking to break if we see a candle close below continue to area 2, there are traders who WILL get stopped out at zone 1
Area 2, this is our next key point in structure there will still be traders with open positions here also, again if we see a candle close below this zone continue to monitor for Area 3
Area 3, this may be a final target, however there's still POI's sat below if price shows strong signs of bearish momentum target Areas 4 and below can be open for discussion
Conclusion
personally i would like to see POI's built on the buy side as of right now before we move down simply because the market NEEDS somewhere to move from and to without that it would be erratic.
If you found this helpful be sure to boost this idea, give a like and a follow, consistent charts will be posted on a weekly basis and let me know what you think down in the comment section too :)
Trade active
seems like our bearish scenario is playing out, next week will show us as to whether we have longer term shorts or not until then have a good weekend traders 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.