Hope you are well. XAU/USD is a subject of our video today. That check is not yet present so as I am convinced to this analysis: The market will be tested near 2393 before the new session. Your next entries will be here, but with a tight stop and make sure to manage your risk centers.
XAUUSD- If you pay attention to the DXY, we anticipate a bearish bias for XAU/USD over time. This news expected to be pressured on DXY. If XAUUSD tests the 2349 and 2355 zone this will be a key area for slack in the market. Nonetheless, should the market test 2393 it is expected to push down.
More important to me is the risk management and entry signals, which revolved around liquidity, FVG (protocol-controlled supply), order blocks as well momentum shifts. Not an entry before the news! Let the news play out and ensure you meet all your entry criteria before placing a market order.
Markets can get wild and chaotic, especially around big news or events so remember that things quickly change. So, it is very important to keep attacking these and change as you are moving. If the market heads in this area of 2393, prior to our next session watch price action closely. Evidence of a reversal, like shifting momentum or developing an order block showing the possible trend direction downward. So, do not enter the market before the news begins.
The other side of the xauusd, if we do not test 2393 and instead moved to the range or 2349-2355: then it is possible that this zone is a strong support platform. Eventually, we could notice a bullish reversal setup. Look out for big telltale signs like a liquidity grab, or FVG fill then change of momentum. These are typically strong indications of potential positive market movement.
Also, always watch the big picture and news from outside that probably is going to affect in DXY as well XAU/USD. Price Action Can Be Heavily Influenced by Economic Data Releases and Other News Events That Continue to Develop.
So, to conclude while we do anticipate a testing of specified key points for XAU/USD no one will really know the outcome. To do so, it is essential to manage risk properly and stick with entry signals. Stay informed, be ready and trade with confidence.
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