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

22 ביוני 2024

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.