[Daily Bias] Gold - Wed 09042024 - Ranging inside VA

4 thg 9

The price opened within the previous Value Area, so we have two scenarios today (be cautious of the news in New York):

1. If the VPOC does not reject the price, it may continue to rally and test the VAH.
   
2. If the VPOC rejects the price and the VAL cannot hold, the price may drop significantly, potentially leading to a big move following the news.