XAUUSD SELL
Hi traders,this my thought process on Gold.
1.With the USDX having traded lower to clear sell side liquidity and into a discount fair value gap,and gold trading higher to clear buy side and into a premium orderblock(attention to the bodies respecting the point of interest).
With the idea of correlation betweene the 2 and concepts of premium and discount,i would expect gold to trade lower and clearing the low marked with the potential to trade even further to the second low shown.[url=]
1.With the USDX having traded lower to clear sell side liquidity and into a discount fair value gap,and gold trading higher to clear buy side and into a premium orderblock(attention to the bodies respecting the point of interest).
With the idea of correlation betweene the 2 and concepts of premium and discount,i would expect gold to trade lower and clearing the low marked with the potential to trade even further to the second low shown.[url=]
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