XAUUSD CHART FOR 08.09.2024
The following chart shows 2 scenarios. The scenario will be based on the Monday morning Asia candle
in scenario 1: Green Candle open.
we will be seeing a move towards the silver bullet zone on the NFP day candle as the market will be looking for buyside liquidity. Then the market will drop down to the NFP low before CPI to Buy the market.
In scenario 2: Red candle Open.
We will be seeing a move towards the sellside liquidity for CPI to have a full retracement of the NFP candle and for a Liquidity grab towards the upside of the current Resistance.
in scenario 1: Green Candle open.
we will be seeing a move towards the silver bullet zone on the NFP day candle as the market will be looking for buyside liquidity. Then the market will drop down to the NFP low before CPI to Buy the market.
In scenario 2: Red candle Open.
We will be seeing a move towards the sellside liquidity for CPI to have a full retracement of the NFP candle and for a Liquidity grab towards the upside of the current Resistance.
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