GOLD: More liquidity for the NEXT MOVE!
Updated
Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the XAUUSD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.[/I]
Lower timeframe:
During the last few weeks, we forecast a potential bullish move, considering the overall price action in HTF and enough confluences in LTF.
Eventually, the price was not able to break the main structure to the upside, why? Simply the answer is: “ the market is not ready for that”, more liquidity, more development is needed and patience is the key in order to succeed.
When, where and why would we step into the market?
Currently, the price is moving bearish, and possibly it could reach the same area where a big bullish impulse happened recently.
We will be studying the reaction of the price around that level and eventually re-enter the market if any condition is satisfied.
Any breakout to the downside with further bearish continuation will invalidate the analysis and no action will be taken on this market.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.[/I]
Lower timeframe:
During the last few weeks, we forecast a potential bullish move, considering the overall price action in HTF and enough confluences in LTF.
Eventually, the price was not able to break the main structure to the upside, why? Simply the answer is: “ the market is not ready for that”, more liquidity, more development is needed and patience is the key in order to succeed.
When, where and why would we step into the market?
Currently, the price is moving bearish, and possibly it could reach the same area where a big bullish impulse happened recently.
We will be studying the reaction of the price around that level and eventually re-enter the market if any condition is satisfied.
Any breakout to the downside with further bearish continuation will invalidate the analysis and no action will be taken on this market.
If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias!
Sincerely,
Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.[/I]
Note
As forecasted, the market bounced on the bottom of the structure and got the expected rejection.
Further bullish price action could possibly give us an interesting market long opportunity !
Sincerely,
Cybernetics Trading Lab
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Disclaimer
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