magdalenelamptey
See my previous post. XAUUSD was in consolidation because of FOMC news yesterday. The news manipulated BUYERS to get in and then later dropped to the level 3346-3350 where I was looking to buy since that level was the origin causing the break of structure to the UPSIDE.
Price is consolidating and there is a reason- Gold is going to expand to the upside I expect. With a break of Structure, I expect price to move down for manipulation and the move to the upside. let see how price plays out.
Looking at how price will play out. There is a break of structure to the upside and I waited for price to come into the OB area to buy.
There is a market structure shift on the 4hr after price retraced into the daily FVG. I predict price to come and fill either the FVG or OB before continuing higher
i think GBPUSD is bearish in a longterm because trend to the upside has been broken and there is a broken of structure which means the will be a continuation to the down side. today if NFP so probabily all the moves is going to take place next week