XAUUSD 9/10/23

9. Okt. 2023

Gold showing us exactly what we want to see from our secondary US pairs a bullish range with a gap at the top now gold is slightly different to our other US secondary pairs as price action has stayed above the gap since creation rather than falling below the gap so in turn we have gapped higher with gold rather than gaping lower like the rest of our pairs now keeping in mind that we have AUS bank holiday today we aren't expecting to see any huge expansions from gold due to the lack of liquidity from New York session as you can see the price action that has occurred since the market open has actually been very sideways creating high level levels of liquidity higher and lower meaning that when we do shift there will be a significant amount of movement behind it overall I'm looking for price to come down and break the low of this massive 5 minute range that we have put in this would also feel our gap from market open and it would lead us into our unmitigated POI where we have a small amount of Inducement, until we get into our later sessions this week I am not expecting a fulfilment of this gap.