XAU/USD Longs from 2,66.000 back up?

My analysis this week suggests that gold may accumulate around my point of interest at 2,660.00, where a 9-hour demand zone has formed. With liquidity and imbalance left to the upside, price might look to continue in its pro-trend direction.

Alternate Scenario: If price reaches the area around 2,740.00, we might see a retracement or bearish reaction. Given recent bearish pressure that’s led to a CHoCH and BOS, this scenario could align with the current order flow.

Confluences for GOLD Buys:

- A clean, unmitigated demand zone below.

- DXY has shown strong upside movement and may be due for a pullback.

- Significant liquidity lies to the upside.

- The overall market trend remains bullish.

P.S. If price respects the 9-hour supply zone and continues breaking structure to the downside, it could validate a temporary bearish move. Have a great trading week!
Beyond Technical AnalysisgoldanalysisgoldbuygoldlonggoldpredictiongoldtradingstrategySupply and DemandTrend AnalysisXAUUSDxauusdanalysisxauusdupdates

Também em:

Aviso legal