Gold is messy now and I'm biased to the upside if it gives a buy setup around 2315 - 2310.
The structure looks perfect for me for one more upside to break the 2352 minimum. then break down to the liquidity level. Also, you should know the major weight for gold is to down side, risk wisely, and this up wave we are trying to trade is a possible correction wave to continue down later.
Now we focus to buy and the levels are:
The Analysis is based on waves, market structure, market participants' behavior, and psychology
As always market wins so wait for your setup. don't trade blindly
XAUUSD
XAUUSD
DXY
The structure looks perfect for me for one more upside to break the 2352 minimum. then break down to the liquidity level. Also, you should know the major weight for gold is to down side, risk wisely, and this up wave we are trying to trade is a possible correction wave to continue down later.
Now we focus to buy and the levels are:
- 2315
- 2310
- 2354
- 2360
- 2370
The Analysis is based on waves, market structure, market participants' behavior, and psychology
As always market wins so wait for your setup. don't trade blindly
XAUUSD
XAUUSD
DXY
Comment:
Other scenario with a different possibility
Order cancelled:
no setup was available in the zone and market broke the level