XAU/USD Long imminent lookout! back up to 2690

14 ธ.ค.

My analysis this week for gold is to look for potential imminent buys at this demand if i see a correct confluences play out on the lower time frame as well as the sweep of that sunday asia low. Once that happens i will look price to retace in this area back up to an area of supply.

As price has changed character the downside and broke structure i see now heading down more. i will wait for price to make a correction and fill imbalance above then continue to drop off around the area of that 6 hr supply zonne

Confleunces for XAUUSD BUYS are as follows:

- Price Changed character to the upsice on the higher time frame.

- Price swept the top side liquidity off last week consolidation and letf the bottom which still hasn't been taken.

- Price needs to retrace to continue its bearish course.

- DXY corresponding slightly as well.

P.S. I am interested in shorts but the opportunity as of were current price is, isn't ideal hence why I'm looking for short term buys to sell. Have a great trading week, Q4 soon coming to an end, lets gooooo!!!