XAUUSD Analysis. Will be next stop 2090?
Updated
Hello everyone. I want share my idea about Gold price action.
We had couple months ago all time high, were we saw massive sell which dropped price to 1973, then it took some buyers and if we look daily chart we see price consolidating.
After CPI news of America price came so strong down which took Daily sell side liquidity, found new strong buyers and came back in consolidation zone, broke 4H most touched zone which was resistance, 4H order block and 4H FVG, candle close with strong filled body and left FVG.
my price prediction is pretty good for day traders, i think price will retest broke order block or FVG where we will see still active buyers and it will broke 4H most touched zone which is at the moment resistance, i think if gold is still bullish the last daily liquidity was manipulation and now we will see accumulation.
For that i have some scenes, if price movement will accept my price prediction then i will open position (i will update this post if i will open position), i am pretty bullish at gold but i think 2090 will be highest point, if it will retest that point then i will try to short gold.
Always make your own research!
We had couple months ago all time high, were we saw massive sell which dropped price to 1973, then it took some buyers and if we look daily chart we see price consolidating.
After CPI news of America price came so strong down which took Daily sell side liquidity, found new strong buyers and came back in consolidation zone, broke 4H most touched zone which was resistance, 4H order block and 4H FVG, candle close with strong filled body and left FVG.
my price prediction is pretty good for day traders, i think price will retest broke order block or FVG where we will see still active buyers and it will broke 4H most touched zone which is at the moment resistance, i think if gold is still bullish the last daily liquidity was manipulation and now we will see accumulation.
For that i have some scenes, if price movement will accept my price prediction then i will open position (i will update this post if i will open position), i am pretty bullish at gold but i think 2090 will be highest point, if it will retest that point then i will try to short gold.
Always make your own research!
Trade active
Trade open at 2029!Stop loss at 2017
Note
The trade goes perfect, my stop loss trailed to 2027.Trade closed: target reached
Take profit taken at 2115. it was perfect trade!!!
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