Fake Xau forecaster Welcome to Gorilla's edition of Fake Forex Forecast. After last week's spectacular dive, Let's see if she restock at the 2145-2142 range. Before jetsetting up due to world event happening. Esp in the northern hemisphere.
After last night's dump, price created an equal low, high possibility to retrace to higher order block before a swan dive. stay tune to find out !
Overall bearish trend channel still unbroken, however bears still looks like in control. A possibility of retracement of 1927-1930 zone before sky diving down to the 1886
Touching the Daily premium zone coupled with high risk news day. lets see if XAU will set it's ass on fire and fly.
With HTF recent ChOCh, looking at the low volume, and rising DXY, i'd go short till the recent's SSL range. Price will then be spooled to gather the higher BS-LQ
With CPI high risk news on the 12th of Jul, change of character on daily timeframe, i see a bsl collection pathway for the price... let's wait till end of Monday's asian session to see how she performs.
Mon All day - Juneteenth Bank Holiday Tue 2030hrs - Building Permit Wed 2200hrs - FED Chair Powell Testimony Thurs 2030hrs - Unemployment Claims Fri 2145hrs - Flash Manufacturing PMI Looking from top down, H4 shows a LQ collection from last SSL to BSL, due to last week hurricane of high risk news. then again, it is one of the volatile market instrument. H1...
In uptrend channel on HTF, looks like it's flirting on the neckline for a Bullish QML. Awaiting LQ sweep on STF before moving to it's next KZ. Let's stay tune to see where price will head to.