XAUUSD- $2750 / $2800 NEXT
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XAUUSD- $2750 / $2800 NEXT
As illustrated, market has grabbed liquidity above a mid-term high just above $2720.
The market is selling all of that liquidity toward the lower side of the internal range, where there is a lot of sell-side liquidity below $2612 (near $2600) and below $2580 (near $2570 in extension).
Should those areas hold as support, the yellow metal should see a strong rebound off of key psychological prices (such as $2600 or $2575/70) to make a year-end bull expansion move reaching near it's historical max of $2790.
That being said and technically speaking, keep an eye on key psychological price levels and wait for an evident "V" Shape manipulation pattern on the 1H and 4H timeframes in order to take a long entry and try to catch what could be an interesting and promising bullish push.
GOOD LUCK!
As illustrated, market has grabbed liquidity above a mid-term high just above $2720.
The market is selling all of that liquidity toward the lower side of the internal range, where there is a lot of sell-side liquidity below $2612 (near $2600) and below $2580 (near $2570 in extension).
Should those areas hold as support, the yellow metal should see a strong rebound off of key psychological prices (such as $2600 or $2575/70) to make a year-end bull expansion move reaching near it's historical max of $2790.
That being said and technically speaking, keep an eye on key psychological price levels and wait for an evident "V" Shape manipulation pattern on the 1H and 4H timeframes in order to take a long entry and try to catch what could be an interesting and promising bullish push.
GOOD LUCK!
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