XAU/USD Long imminent lookout! back up to 2690
My analysis this week for gold is to look for potential imminent buys at this demand if i see a correct confluences play out on the lower time frame as well as the sweep of that sunday asia low. Once that happens i will look price to retace in this area back up to an area of supply.
As price has changed character the downside and broke structure i see now heading down more. i will wait for price to make a correction and fill imbalance above then continue to drop off around the area of that 6 hr supply zonne
Confleunces for XAUUSD BUYS are as follows:
- Price Changed character to the upsice on the higher time frame.
- Price swept the top side liquidity off last week consolidation and letf the bottom which still hasn't been taken.
- Price needs to retrace to continue its bearish course.
- DXY corresponding slightly as well.
P.S. I am interested in shorts but the opportunity as of were current price is, isn't ideal hence why I'm looking for short term buys to sell. Have a great trading week, Q4 soon coming to an end, lets gooooo!!!
As price has changed character the downside and broke structure i see now heading down more. i will wait for price to make a correction and fill imbalance above then continue to drop off around the area of that 6 hr supply zonne
Confleunces for XAUUSD BUYS are as follows:
- Price Changed character to the upsice on the higher time frame.
- Price swept the top side liquidity off last week consolidation and letf the bottom which still hasn't been taken.
- Price needs to retrace to continue its bearish course.
- DXY corresponding slightly as well.
P.S. I am interested in shorts but the opportunity as of were current price is, isn't ideal hence why I'm looking for short term buys to sell. Have a great trading week, Q4 soon coming to an end, lets gooooo!!!
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