Hello traders!
‼️ This is my perspective on XAUUSD.
Technical analysis: Here we are in accumulation phase, so I expect we could see AMD pattern. Price could manipulate sell stop liquidity and then to reject from bullish order block to distribute higher.
Fundamental analysis: Next week will be full of important news on USD, firstly on Wednesday will be released Federal Funds Rate which is expected to increase, as well FOMC Meeting. Also, on Friday we have NFP and Unemployment Rate in USA. Pay attention to these news, as they are important for the upcoming month and USD bias.
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‼️ This is my perspective on XAUUSD.
Technical analysis: Here we are in accumulation phase, so I expect we could see AMD pattern. Price could manipulate sell stop liquidity and then to reject from bullish order block to distribute higher.
Fundamental analysis: Next week will be full of important news on USD, firstly on Wednesday will be released Federal Funds Rate which is expected to increase, as well FOMC Meeting. Also, on Friday we have NFP and Unemployment Rate in USA. Pay attention to these news, as they are important for the upcoming month and USD bias.
Like, comment and subscribe to be in touch with my content!
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