XAUUSD potential next move | Gold rebounds from monthly lows.
Hi traders,
We are looking to buy gold next week!
Last Friday was a volatile day, Gold bounced from an extreme order block and made an impulsive move toward the next supply zone.
The price broke the structure, and we can notice some bullishness in the price. First, we will wait from gold to fill the gap left behind and then we will look for a buy opportunity between 1650 and 1645.
Most likely, the price will reach the supply zone and grab the liquidity from sellers who sold around 1680.
We can see a bearish bias in HTF 1D which means we can consider the supply zone a very strong area that can push the price down.
We will update you as soon as we have confirmation.
This is our first post if you like it follow us.
We are looking to buy gold next week!
Last Friday was a volatile day, Gold bounced from an extreme order block and made an impulsive move toward the next supply zone.
The price broke the structure, and we can notice some bullishness in the price. First, we will wait from gold to fill the gap left behind and then we will look for a buy opportunity between 1650 and 1645.
Most likely, the price will reach the supply zone and grab the liquidity from sellers who sold around 1680.
We can see a bearish bias in HTF 1D which means we can consider the supply zone a very strong area that can push the price down.
We will update you as soon as we have confirmation.
This is our first post if you like it follow us.
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