Get started
Sphinx_Trading

XAUUSD: To 2035.0 before Sell

Short
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
Sphinx_Trading Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Fundamental Analysis Beyond Technical Analysis
16
2
trendanalysis fundamental beyondta
- Price Reached 1985.0 Major demand zone after breaking the last major lows with CPI news lifting a huge liquidity void that needs to be filled, So you can see price reacted with a strong bullish move also last bearish move did NOT create any highs to sweep, So we can predict the price to break the last high at 2031.0 before then we may see a bearish move to 2008.0.
Comment:
- Asia opened with strong bullish trying to reach to 2030.0 high.
Comment:
- Price reached 2030 levels and built equal highs (liquidity).
- We should wait sweeping the last equal highs at 2031.0 before thinking to short.
Trade active
Comment:
- Price reached 2035 order block and closed with a strong bearish move.
- We can expect price to reach target 2008.
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.