#xauusd outlook
The xauusd price is at discount now,(as at 8th, july: previous week range) price needs to rally up to the premium and take liquidity to the downside, due to weekly and monthly draw of liquidity of price. The price, 1721.57 is next DoL, but price needs to take liquidity upside and fill the fvg as well, before creating another expansion...
weekly order flow + bias: Bullish.
Upside liquidity: the Friday’s high price, the previous month open price, the previous week high price,
possible stop hunt at the 2 weeks high associated with
Trendline phantom.
Downside liquidity: The previous week low price expected to be
broken + return to the Order block; 15m time frame (bullish OB) + a clean liquidity ...
I predict Gold ain't ready for bullish market. A long time BUY trend was broken down though, but doesn't seems to be a false breakout. 1675.56 of Gold should be a price to look out.
