ConcordDeath

we expect another impact on gold we expect good an opportunity for short just we have to follow the instructions this is not financial advice that was my won analysis of my view any design you take under your own responsibility

we miss the first rejection level but we have clear high volume in the last 1 H candle so we will use the fibo levels and volume profile to find the strongest levels for the rejections and bounce back as shown on the chart just follow the charts levels

we expect good reaction and bounce back to the next important level action above it means we fly to the HVN as resistance rejection means gold still not strong enough to be bullish as shown on the chart

we have good opportunity for take the short scalping at nice level so the price move expecting as shown on the chart

FIRST lets dive to the volume profile analysis the last bullish wave has strong HVN & poc not tested , NOTE ( it doesn't have to be tested every time ) but the king looks like looking for strong base to taking off again also i have to mention that price just touch the V A for the bullish wave thats why we expect rejection and bullish wave but i don't think its will be strong enough SECOND we have the bearish wave still has bearish momentum i sew the pos fallen step by step so what we need its consolidation and build the base to move the poc below the price THIRD we keep in eye the shark pattern on the weekly chart we just need the D confirmation then will got a nice reverser pattern

we have good chance to got completed BAT pattern now we watch the last point D to confirm the bull back also we have high volume node as expected to be rejection level with more confirmation with out of value area as shown on the chart

we expecting the bull back and price recovery after clear POC down moving to the old POC position these levels acting as strong support with big buyers will pushing the price crossing the new POC level and reach the supply level as shown on the chart

We expecting bull back and retest poc then rise to hvn as resistance

Its a good chance for recovery and move from low value to high value before the big distribution