DogeStonks

XAUUSD potential Forecast POST NFP | 7th November 2022

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hi there guys,

I mainly use ICT + Smart Money Concepts for my trading.

Analysis
- Last week due to the release of NFP data, price tapped swept the sellside liquidity before gaining strong bullish momentum to the upside
- I also noted out the 2 Daily Fair Value Gaps & buyside liquidity areas.

Idea
Expecting this strong bullish momentum to sweep the buyside liquidity at 1684.620 and potentially bring price to the Daily Fair Value Gaps areas at 1684.040 & 1699.915 respectively

Areas to take note of
1st Daily FVG: 1684.040
2nd Daily FVG: 1699.915
Buyside Liquidity: 1684.620

For entries, always use confirmations on the smaller timeframes! Stay safe trading!

Feel free to follow me, comment + boost this post if you guys enjoyed this!

Regards,
Chen Yongjin

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