XAUUSD - All-Time High Party

What happens if Dollar is to run on buy stops up to 103.20?

A healthy retracement for gold before a continuation would still be viable right?

Macro bullish for gold, especially if interest rates are to come down later on this year but for the short-term, $2147.21 is in the cards for next weeks trading.

My philosophy is simple...

Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.

This includes;

- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!

The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.

Credits;

- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN

Comment:

Throughout the whole of this week, i have been fighting food poisoning with today being the day i was admitted into hospital hence the reason for a delayed update to all of the asset pairs analysed for this weeks trading. But this does not mean abandonment!

With that being said, dollar did rise to and through 103.20 causing gold to trade in a rangebound motion, slowly trickling lower which is healthy as mentioned before.

$2147.21 was and still of interest and i strongly believe that if dollar was to continue with it's buy programme, reaching into a premium above 103.463, theres a strong likely hood gold will continue to the downside