XAUUSD | Potential Forecast | 13 November 2022
Hi guys, Chern Yu here.
I use smart money concepts (SMC) in analysing charts and price.
Confluences used:
1. Demand/Supply zones
2. Liquidity
3. Structure
4. Market inefficiencies
Analysis:
- Gold is hovering around 1771 area currently.
- Possibility of tapping into H4 supply zone.
- Price is structurally bullish and will look for longs next week.
- Higher highs and higher lows being formed.
- Will be identifying possible short term reversals once it taps into supply zone above.
Let's smash the next week!
Do make sure to leave a comment and give a boost!
I will be more than happy to answer any questions there are!
Cheers,
CY
I use smart money concepts (SMC) in analysing charts and price.
Confluences used:
1. Demand/Supply zones
2. Liquidity
3. Structure
4. Market inefficiencies
Analysis:
- Gold is hovering around 1771 area currently.
- Possibility of tapping into H4 supply zone.
- Price is structurally bullish and will look for longs next week.
- Higher highs and higher lows being formed.
- Will be identifying possible short term reversals once it taps into supply zone above.
Let's smash the next week!
Do make sure to leave a comment and give a boost!
I will be more than happy to answer any questions there are!
Cheers,
CY
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.