MHMarkets

Gold Forecast on 1H (11/08/2022)

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

As my Daily Time Frame analysis, price action is still in bullish pullback momentum by breaking Higher High Structure to fill or rebalance the Sell Side Insufficient Price Gap (Internal Liquidity)
Yesterday U.S CPI Data causes to purge the buy-side Liquidity above and break the market structure in the H1 time frame, the current situation has a high probability chance to take out the sell-side liquidity below and refilling the sell-side Insufficient Price Gap above.
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