Unveiling Bullish Momentum on XAUUSD
Updated
The XAUUSD pair has recently exhibited a noteworthy bullish momentum on the daily time frame. In this update, we'll explore the intriguing market dynamics that unfolded, shedding light on key price of interest (POI) and liquidity zones that we would be monitoring.
Analyzing Daily Time Frame:
The daily time frame has proven to be a fertile ground for bullish momentum, with the price strategically interacting with the daily range low. Our previous post delved into the importance of Points of Interest (POI), and the recent price action aligns seamlessly with our predictions.
Sell Side Liquidity:
Notably, the sell side liquidity has already been absorbed by the market, indicating a potential shift in sentiment. This presents a compelling scenario as the focus now shifts towards identifying buy side liquidity. Please refer to related ideas for further daily analysis
15-Minute Time Frame Insight:
Zooming in on the 15-minute time frame, we observe the creation of a bullish momentum. The development of trend line liquidity on this shorter time frame is particularly noteworthy, signaling the potential for a sustained upward movement.
Strategic Approach:
As we navigate the 15-minute time frame, keen attention must be paid to the sell side liquidity observed beneath the trend line. This serves as a critical Price of Interest (POI) where traders can strategically await price retracement.
Executing the Plan:
We would be monitoring the price action around the identified POI. The lower time frame buy setups that may emerge at this juncture present an opportune moment for executing well-informed entries.
Order cancelled
Reached Target. Buyside liquidity taken. Lets price to create some structure again
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