XAUUSD New year Potential
An initial target of sell side liquidity and an internal sweep of 2628 and into the premium zone where we have quarterly and trendline resistance. 200ema resistance lurking close as well.
The zone is up to the 2639 but major resistance is around 2632.
The other option is an external sweep past 2639 and below 2643.
Once price falls below 2622 we should see a cascade down to 2610, break 2608 sends price to 2600 zone.
News this week - jobless claims
Lower volume and higher spreads.
Lets start the New Year with a bang.
This is not financial advice but solely my take on the chart at the time of writing, be dynamic.
Good luck.
The zone is up to the 2639 but major resistance is around 2632.
The other option is an external sweep past 2639 and below 2643.
Once price falls below 2622 we should see a cascade down to 2610, break 2608 sends price to 2600 zone.
News this week - jobless claims
Lower volume and higher spreads.
Lets start the New Year with a bang.
This is not financial advice but solely my take on the chart at the time of writing, be dynamic.
Good luck.
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