XAUUSD Weekly Buyside Liquidity Target
Gold has been in a range for a long time...
Recently, it raided its equal lows Sellside Liquidity, into a FVG, and then agressively moved higher.
I'm favoring a bullish-orderflow run higher into the Equal Highs notes as "Buyside Liquidity" on my chart to pursue the layered orders.
Recently, it raided its equal lows Sellside Liquidity, into a FVG, and then agressively moved higher.
I'm favoring a bullish-orderflow run higher into the Equal Highs notes as "Buyside Liquidity" on my chart to pursue the layered orders.
Order cancelled
DXY has shown strength in the FVG I have pointed to in other analysis posts. As of where price stands now, I want to see DXY go higher, which will cause Gold to go Lower.
For now, I hereby cancel this idea until further notice.
In the meantime, check out my newest DXY analysis in which explains why I expect higher Dollar.
Trade active
DXY is showing weakness, which could lead to a move higher in GoldTrade closed: target reached
Another target met :)Note
Price ran higher and perfectly tapped into the target that I aimed for in this analysis, posted 4,5 months ago. ...
These are the next Bearish levels that I'm looking for on Gold for the upcoming weeks...
Target 1: The Bullish Orderblock (Blue Line "+OB")
Target 2: Balanced Price Range (Red Line "BPR")
Trade closed: target reached
Target 1 reached (Bullish Orderblock).Nice Rejection at the OB with the current candle.
I'm not fully convinced if we want to go any lower. A Balanced Price Range is typically an area of price that we don't expect price to go to, but IF it goes there, it's in "illegal territory" and therefore it should strongly reject inside the BPR.
As of where price is right now, I believe that we will Not go down into Target 2 (Balanced Price Range), but rather go Higher to make a higher high, into the 3000's.
Note
Full Target hit! (Target 2; Balanced Price Range)Price traded down into it and rejected strongly.
I have now called Gold hundreds of points both up and down the past months.
(By the way, I see that I made a typo in the previous post, I wrote 3000's, but it's supposed to say 2000's. 3000 is a looong way from where price is at right now, so I'm obviously not looking for that. But price just missed the 2000 level anyways, so I got that wrong. It stayed in a neutral consolidation on H1 TF and traded lower) :)
BPR Reference:
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