Gold Idea and basic Analysis
Hello,
My view on Xau
On the monthly time frame we can see that we are heavily bearish and that we have engulfed the previous months high, the price now is looking to draw to wards the liquidity pool above the previous all time highs and the previous all time highs before then, with I believe that we do have the potential to genuinely push through but anything can happen, keep in mind that there is still genocide happening, which can further help with bullish movement
On the weekly timeframe we can clearly see that we have broke structure and took out liquidity, external range liquidity ( highs) I believe that the market will seek to fill in the internal range liquidity (Fvgs etc) around the price of 1950 area
In the short term side of things I will be waiting for my next buying around the next buy zone, until then, good luck and stay safe
My view on Xau
On the monthly time frame we can see that we are heavily bearish and that we have engulfed the previous months high, the price now is looking to draw to wards the liquidity pool above the previous all time highs and the previous all time highs before then, with I believe that we do have the potential to genuinely push through but anything can happen, keep in mind that there is still genocide happening, which can further help with bullish movement
On the weekly timeframe we can clearly see that we have broke structure and took out liquidity, external range liquidity ( highs) I believe that the market will seek to fill in the internal range liquidity (Fvgs etc) around the price of 1950 area
In the short term side of things I will be waiting for my next buying around the next buy zone, until then, good luck and stay safe
Penafian
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