Letโs see what the market gives us today.
NY Session Focus
XAUUSD (Gold)
Market remains bearish on the higher timeframes
โข Iโm watching for a retest of the second-to-last US session low
โ Potential sell setup if price rejects from that zone
โข Alternatively:
โข If price breaks and retests the previous US session zone, Iโll look for shorts
โข If price spikes higher and breaks the second-to-last US session high, we could get a bullish BOS (break of structure)
โ In that case, Iโll look for buys on a confirmed retest
XAGUSD (Silver)
Key levels: Previous US session High and Low
โข Focus is only on sell setups
โข No interest in longs today, as the bullish BOS and key zones are too far from current price
US30 (Dow Jones Index)
โข Yesterday gave us terrible movement, very indecisive
โข Hoping for better price action today
Hereโs what Iโm watching:
โข Previous US session low โ If we get a solid reaction, potential buy setup
โข Alternatively, Iโm combining the last three US session lows as a sell zone cluster
โ If price pushes into this range and rejects, Iโll be looking for short opportunities