Xauusd (gold) moved like I draw last sunday! you may see it on my last post so what we have to note for the upcoming week I always trust higher timeframe analysis so I have a weekly zone which price hasnt retested yet I think price will retest and the zone and the moves to the minor buyside but there is also a second idea If price sweeps the buyside it will trap...
We had a great week. We had some unexpected fundamental news like 600B$ worth of gold found in somwhere I didint remember so market dumbed so I'm still bullish on gold now price is seeking support to go higher. Look the chart and plan your trade good luck!
As you can see on the chart, previous ath (Swing High) pushes price lower untill it reaches to the montly FVG also price respecting FVG and showing a good bullish momentum. So the recent price action is going to take external liquidity and will go down little bit respeting OB which is overlapped with BISI then It will go on its way again. Thank you....
XAUUSD is coming to sweep the buyside liquidity. Our DOL is ATH because trend is buy. We are coming from Monthly FVG also our short term ranges is respecting price going higher. You can move to lower timeframe to find and entry. Thank you....
