We expect XAUUSD to correct towards 1840 in the coming week(s)
Expecting short-term USD strength, correction on XAU and other cross currencies is likely.
Currently, we are in a triangular pattern of congestion in a smaller and smaller area. The market seems to be acquiring liquidity for the next move, which we expect to be to the downside,
as volume on the recent highs was higher than usual if it would be an upside continuation therefore we expect MMs to push the market down for further liquidity grab.
Don't hesitate to reach out let's discuss! If you have any questions please don't be shy!
Expecting short-term USD strength, correction on XAU and other cross currencies is likely.
Currently, we are in a triangular pattern of congestion in a smaller and smaller area. The market seems to be acquiring liquidity for the next move, which we expect to be to the downside,
as volume on the recent highs was higher than usual if it would be an upside continuation therefore we expect MMs to push the market down for further liquidity grab.
Don't hesitate to reach out let's discuss! If you have any questions please don't be shy!