GOLD (XAU/USD) – Week 8 - November lows reached.
Updated
In our last analysis, we predicted that Gold will continue its bearish move towards a new low. The target was reached and the structure is now officially completed.
This week we will monitor the price action, as it may have a tendency to make further lower-lows until we hit the liquidity pool area highlighted on the chart. We expect the bulls to monopolize the Gold market soon, but not without having a confirmation.
We recommend you to be patient and wait for your buy setups.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
This week we will monitor the price action, as it may have a tendency to make further lower-lows until we hit the liquidity pool area highlighted on the chart. We expect the bulls to monopolize the Gold market soon, but not without having a confirmation.
We recommend you to be patient and wait for your buy setups.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: target reached
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