#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 downwards.
Institutions will('might') rally up price, due to dxy (possible retracement to 105.3402), it will be a moment to rally up xauusd price. There are liquidity pools downside on xauusd.
Xauusd might rally up to 1774.59, as a retracement back to the upside, cause the expansion on xau is still bearish on monthly and weekly timeframe.
This is my top-down, not an entry model or trading advise. I am open to questions.
Best regards, and happy trading week.
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 downwards.
Institutions will('might') rally up price, due to dxy (possible retracement to 105.3402), it will be a moment to rally up xauusd price. There are liquidity pools downside on xauusd.
Xauusd might rally up to 1774.59, as a retracement back to the upside, cause the expansion on xau is still bearish on monthly and weekly timeframe.
This is my top-down, not an entry model or trading advise. I am open to questions.
Best regards, and happy trading week.