Hello Traders 👋
What are your thoughts on XAUUSD
Looking at the daily timeframe I anticipate manipulation by market players on gold.
Is likely that market players will stop Hunt Traders who have their stop losses at the different lows which is indicated with a red circle.
For every buyer there must be a seller and for every seller there must be a buyer.Where they are no sellers in the market the institutions will want to trigger stop losses in order to buy,which is known as stop hunting.That is to takeout previous buyers in the market and generate liquidity to buy.
And this stop hunting usually happens in a ranging market.
Looking at the structure of gold we can see that gold is ranging,
We can see a low or support of the range which was previously resistance and turned support for the ranging market.
I see the market using sell liquidity to liquidate buyers and react at the support or low of the range and move up to the range of the resistance
What are your thoughts on XAUUSD
Looking at the daily timeframe I anticipate manipulation by market players on gold.
Is likely that market players will stop Hunt Traders who have their stop losses at the different lows which is indicated with a red circle.
For every buyer there must be a seller and for every seller there must be a buyer.Where they are no sellers in the market the institutions will want to trigger stop losses in order to buy,which is known as stop hunting.That is to takeout previous buyers in the market and generate liquidity to buy.
And this stop hunting usually happens in a ranging market.
Looking at the structure of gold we can see that gold is ranging,
We can see a low or support of the range which was previously resistance and turned support for the ranging market.
I see the market using sell liquidity to liquidate buyers and react at the support or low of the range and move up to the range of the resistance
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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.