The dollar is about to break the last significant structure on the monthly time frame. We have seen the dollar dropping over the last few months after its reaction from the last swing high.
Market structure shows price creating lower lows and lower highs which are confirmed by endless BOS. We can see a clear 11min OB has been left from the last low that price...
We could be looking at Gold exceeding $2700 this week!!!
With no sign that gold wants to slow down and continual parabolic movement to the upside I have laid out two clear scenarios of what price could do this week.
Scenario A:
We have seen a clear Choch and Bos to the downside on the 1H leaving us with a nice 18h supply to the upside which price will push up to...
Similar to my EUR/USD analysis I'm expecting price to push up in order to continue in it's overall HTF downtrend. This is supported by clear strong bullish indication to the upside and continual BOS. Price has also further left a triple EQH / level of resistance as liquidity which I believe will be taken as liquidity before price deicides to make it's proper move...
We can see price on the Euro has been moving bullish as of recent as it is currently retracing on the HTF. I suspect price will push up to the 2day supply I have marked out. price may perform either one of two scenarios before reaching this zone in order to ultimately continue in it's HTF downtrend.
Scenario A:
Market open price pushes down taking both equal low...