XAU/USD 30M - As you can see price has played out well when we compare it to the previous analysis that was sent out the back end of last week. I am wanting to see price now trade down into our internal area of Demand.
Once price trades down and into this area of Demand I am expecting the rest of the orders to be introduced by the instituations and this should cause the next higher timeframe move to the upside.
As we know institutions cant fill all there orders at once so what they do is they partially enter, this is to avoid price running away without them. Price pulling back at the moment gives them the liquidity they need in order to execute whats left.
I have gone ahead and marked out a fresh zone that has not yet been mitigated, I would like to see price trade into this before the next move higher, I will keep you all posted! As it stands price has played out well though for us.
Once price trades down and into this area of Demand I am expecting the rest of the orders to be introduced by the instituations and this should cause the next higher timeframe move to the upside.
As we know institutions cant fill all there orders at once so what they do is they partially enter, this is to avoid price running away without them. Price pulling back at the moment gives them the liquidity they need in order to execute whats left.
I have gone ahead and marked out a fresh zone that has not yet been mitigated, I would like to see price trade into this before the next move higher, I will keep you all posted! As it stands price has played out well though for us.
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