XAUUSD: Imbalance filled, What next?
Updated
$1990 area had to be filled, we previously had identified this 'imbalance level' and have been waiting for price to fill the area so that we can have a clear view. Since price have filled the area. Now we can see price going towards 2020 and then 2050 only if DXY remain week and other economic data support Gold to rise. In other case, price can drop to 1900$ and rebound from there. We will have to wait and see how prices behave.
Good luck and trade safe!
Good luck and trade safe!
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Note
Target area 1 hit successfully 250+ PIPSTrade closed: target reached
575+ PIPS Take Profit hit successfully. Now we will update the new chart over the weekend. Good luck to all who took the entry.
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