XAUUSD For incoming week
XAUUSD is currently taking a breather after the sharp downward push caused by the FOMC.
Personally, I believe it will end up closing the candle that initiated the move after the FOMC, around 2636.80, where I’ve marked the respective order block, to absorb all the liquidity generated during its decline, before resuming its bearish trend.
Remember that nothing is certain in the financial markets, and this is just my personal analysis.
Keep in mind that the price could still rise further to take more liquidity (Everything is up in the air depending on what happens next).
Let me know your thoughts in the comments!!
Personally, I believe it will end up closing the candle that initiated the move after the FOMC, around 2636.80, where I’ve marked the respective order block, to absorb all the liquidity generated during its decline, before resuming its bearish trend.
Remember that nothing is certain in the financial markets, and this is just my personal analysis.
Keep in mind that the price could still rise further to take more liquidity (Everything is up in the air depending on what happens next).
Let me know your thoughts in the comments!!
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