Weekly XAUUSD analysis, 29 July - 2 Aug.

- OF is bearish.

- Price hit a daily supply area. Now we can see another leg to the downside of the extreme daily INT range.
Follow a lower time frame.

D: 快照

- The price hits the Daily supply area, maybe we could not see the price push higher than that and continue the bearish OF from this daily Supply.

- Maybe the price will push higher to the extreme INT range before continuing down.
Confirmation from LTF.

4H: 快照

- As mentioned, the price is already in a daily supply area, we can see an INT structure shift before mitigating the 4H and 15M supply.

- Or we can see the sweeping of the LQ above the newest high created and mitigation of the 4H and 15M supply before shifting bearish.

- All we can do is follow bullish OF until we see a change, or wait for the structure shifting then playing shorts in line with HTF direction.

15M: 快照
Multiple Time Frame AnalysisSupply and Demand
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