FOREXFIT

Potential Intraday GOLD SETUP.

OANDA:XAUUSD   Guld / USA-dollar
HTF orderflow on gold is bearish and price has recently made a corrective move to retest 4H supply in confluence with the fibs. We can identify on the LDN open price has broke out of the wedge accumulation and swept the previous day high, tapping into the 4H POI, Inducing Buyers into the market and stop hunting the early shorters. Now that the BSL Above the PDH has been taken im looking for price to now draw towards the SSL specifically below Asian session low. We will be monitoring the LTF for potential short entry confirmations after this 4H close.
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