Hello everyone, here's my view of the day on gold.
On Thursday March 21, the XAUUSD sought a new ATH at $222.
Since then, it has corrected violently.
A lot of liquidity is present at 2149 and 2146. We could pick them up at the start of the week.
However, we need to be careful, because if we do pick it up, we'll be selling into the market, as this will mean a change in trend (CHoCH).
It may therefore be worth taking sales to go after these levels.
Gold did react on an H1 Order Block on Friday, so it remains to be seen how the price behaves.
Feel free to put a boost on this post if you liked my analysis, and tell me what you think!
Happy trading and a good week to you :)
On Thursday March 21, the XAUUSD sought a new ATH at $222.
Since then, it has corrected violently.
A lot of liquidity is present at 2149 and 2146. We could pick them up at the start of the week.
However, we need to be careful, because if we do pick it up, we'll be selling into the market, as this will mean a change in trend (CHoCH).
It may therefore be worth taking sales to go after these levels.
Gold did react on an H1 Order Block on Friday, so it remains to be seen how the price behaves.
Feel free to put a boost on this post if you liked my analysis, and tell me what you think!
Happy trading and a good week to you :)