XAU/USD: Finally balanced and ready to fly +600 pips
- Price broke 1830.0 demand zone grabbing all the liquidity and then a big buying power entered the market. - We can observe a breakout from a descending corrective channel also price broke the last high at 1846.0. - Finally price retested on 1830.0 forming a new higher low in the market. - Bullish 4h closure from 1830.0 demand zone. - We may have a big bullish move to 1900.0 supply zone.
* Pivot: 1840.0
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- Price broke pivot at 1840.0.
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- Entry: 1836.500 - Stop loss: 1833.700
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- Hit my Stop loss. - huge bearish 1h closure. - Wait for a new update.
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- Another confirmation formed at 1833.0 (morning star) Entry:1834.400 - Stop loss: 1831.800
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- Price got us -2% Invalid idea, update before (FOMC) tomorrow
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- Market is trying to go bullish, but there's fear from the upcoming interest rates. - New long entry at 1830.0, second entry after 4h closure for another confirmation.
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- Demand zone at (1826.0- 1823.0) OB. - liquidity grabbed below 1830.0. - Last entry for the idea>
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