MFX_Trading

400 pips forecast for GOLD

Long
MFX_Trading Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
I am forecasting gold to go up from here, we entered an area of demand with volume divergence. Volume divergence is where sellers are exiting the market and buyers are coming in usually.

I also like the fact that from my entry we had two breaks of structure and a liquidity grab.

If you do not see liquidity that means you are the liquidity.
Comment:
We tapped into the point of interest, let's wait and see
Trade active:
I took a trade on this, details in my telegram group
Trade closed: target reached:
NICE MOVE

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.