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WEEKLY FOREX FORECAST SEPT 7-11th: GOLD | XAUUSD

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GOLD | XAUUSD is in consolidation currently. I am waiting for it to touch down at the Weekly +FVG and move higher. I'm interested more in long setups versus shorts. Patience usually pays, so I wait and watch for valid setups to form this week.

Check the comments section below for updates regarding this analysis throughout the week.

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Đóng lệnh: đạt mục tiêu
GOLD: Reached the sell side liquidity at the previous weekly low, as forecasted!
ảnh chụp nhanh
Price has pulled back (finally) to the Weekly and the nested Daily +FVG. It is in good position to move to higher prices. From Internal Range LQ to External Range LQ.
The next target is the buy side LQ at 2,690.
Ghi chú
Finally! ảnh chụp nhanh
Goldie has reacted to the Weekly and nested Daily +FVG, sweeping the Wed low and trading through the high. This is the kind of bullish engulfer I have high confidence in!
Now, I need to see the -FVG that price has traded into... be disrespected. A candle body close above the -FVG will add to my confidence that prices will move higher to the buy side liquidity target.
Ghi chú
WATCH GOLD!
ảnh chụp nhanh The 4H +FVG will complete the disrespect to the Daily -FVG I highlighted in the previous update. This would give support to higher prices.
Here we go...!
Ghi chú
GOLD is delivering!
ảnh chụp nhanh
The Daily -FVG was fully disrespected, formed a +FVG, and pushed higher as expected.
The pullback to the +FVG was short by 2 points, but it was enough to send price up.
Review my original forecast in the "Related Publications" below, and you will see we saw this move coming 2 weeks ago.

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