Hi Folks,
Yesterday :XAU finally reached and filled a very important gap at 1,735$,and it's now ready to get back to 2000$ and above.
After making new ATH's in mid 2020, going back to March this year XAU did try to breakthrough resistance but it founds a very strong selling pressure (which was expected and obvious), while trying to set up the way to a new milestone.
From now on I am expecting to see XAU gaining liquidity and momentum, given by a strong rejection which DXY( expected to end up around 93-95) will have in the following months, and obviously a shift of liquidity into the so called Safe Heaven.
I am not gonna add more details than these, as the big picture of the market structure is more than clear for those who knows where to look at.
If you have any ideas or suggestions please leave them in the comments below :)
Thank you very much for reading!
Yesterday :XAU finally reached and filled a very important gap at 1,735$,and it's now ready to get back to 2000$ and above.
After making new ATH's in mid 2020, going back to March this year XAU did try to breakthrough resistance but it founds a very strong selling pressure (which was expected and obvious), while trying to set up the way to a new milestone.
From now on I am expecting to see XAU gaining liquidity and momentum, given by a strong rejection which DXY( expected to end up around 93-95) will have in the following months, and obviously a shift of liquidity into the so called Safe Heaven.
I am not gonna add more details than these, as the big picture of the market structure is more than clear for those who knows where to look at.
If you have any ideas or suggestions please leave them in the comments below :)
Thank you very much for reading!