XAUUSD: Next week we can see bullish: 3000+ pips move!
Recent Price Action:
Projection:
Market Observations:
- High High (HH): Price reached a peak before reversing at 2,376.50 USD.
- Break of Structure (BOS): Multiple occurrences indicating potential shifts in market direction.
- Fair Value Gaps (FVG): Indicate price imbalances that may get filled in future movements.
Projection:
- Immediate Downtrend: Potential downward movement towards the 2,310.00 - 2,312.00 USD demand zone.
- Possible Retracement: Upward retracement towards the 2,368.00 - 2,376.50 USD supply zone before continuing the downtrend.
- Further Downside: Extended bearish targets around 2,280.00 USD.
Market Observations:
- Watch for price reactions at the demand and supply zones.
- Monitor structural breaks for trend confirmation or reversal.
- Be cautious of liquidity sweeps which may cause abrupt price movements.
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