Hello Traders, so here's the weekly update of the financial markets. DXY filled the weekly FVG by market close last week and rejected. So what we expect this week is BEARS putting in lots of SELLING PRESSURE. Probably this week we shall see a BEARISH CANDLE on the Greenback. Onto GOLD ,with the above information, I expect it to remain BULLISH alongside other Major...
Hello Traders, so here's the weekly update of the financial markets. DXY filled the weekly FVG by market close last week and rejected. So what we expect this week is BEARS putting in lots of SELLING PRESSURE. Probably this week we shall see a BEARISH CANDLE on the Greenback. Onto GOLD,with the above information, I expect it to remain BULLISH alongside other Major...
Gold is on the run to take out Sell side liquidity from the level 1900. I expect it to be bullish thereafter to take more sell orders on the fresh premium order block at level 1950. While on the bullish ride after this immediate sell side liquidity sweep, the imbalance zone will be also be rebalanced by price. Let's see how it plays out from tomorrow.
Gold for this week will be Bullish, I expect it to make an attempt on taking the buyside liquidity on the 4hour chart, Nearest draw on liquidity is at the equal highs where price will have a CHoCH on the 15minutes chart. Incase price gets some reaction from the relatively equal highs, expect it to fill that 5minutes FVG and get bullish.
Good luck.
