XAUUSD ANALYSIS - 22/02/2024
We experienced stagnancy in price movement on Gold in the past two days, probably for price to pull in buyers and sellers for institutional price action which would be gunning for the available liquidities come the 🚨Unemployment Claims🚨 release and the later PMI news.
With the current order flow, we have two Demand POIs on the 1H TF, which we expect the incoming news to react from.
I would be looking for entry from the second demand area which is far from the current position of price because Gold always need liquidity to move and that SC close to it is a very strong inducement.
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We experienced stagnancy in price movement on Gold in the past two days, probably for price to pull in buyers and sellers for institutional price action which would be gunning for the available liquidities come the 🚨Unemployment Claims🚨 release and the later PMI news.
With the current order flow, we have two Demand POIs on the 1H TF, which we expect the incoming news to react from.
I would be looking for entry from the second demand area which is far from the current position of price because Gold always need liquidity to move and that SC close to it is a very strong inducement.
🚨 Please follow, comment and Like Posts for more future analysis