XAUUSD: Next week we can see bullish: 3000+ pips move!

Recent Price Action:
  • High High (HH): Price reached a peak before reversing at 2,376.50 USD.
  • Break of Structure (BOS): Multiple occurrences indicating potential shifts in market direction.
  • Fair Value Gaps (FVG): Indicate price imbalances that may get filled in future movements.


Projection:
  • Immediate Downtrend: Potential downward movement towards the 2,310.00 - 2,312.00 USD demand zone.
  • Possible Retracement: Upward retracement towards the 2,368.00 - 2,376.50 USD supply zone before continuing the downtrend.
  • Further Downside: Extended bearish targets around 2,280.00 USD.


Market Observations:
  • Watch for price reactions at the demand and supply zones.
  • Monitor structural breaks for trend confirmation or reversal.
  • Be cautious of liquidity sweeps which may cause abrupt price movements.
GoldsmctradingSupply and DemandSupport and ResistancetrendanalyisisTrend Analysis

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