Weekly Analysis with buy/Sell scenarios in Gold/XAUUSD👋👋👋 Friends, What's your view on Gold???
Recently Gold has shown SMT at weekly key level and formed MSS with displacement. Now price is retracing back to discount zone FVG at 4-hour time frame. Currently it is creating IDM and we expect price to tap into FVG mitigating engineered IDM and FVG. So please keep close eyes on the price action at FVG.
Critical notes.
1. Four hour FVG is critical. Price should tap into it and change the delivery.
2. Once price reaches FVG, we should look for MSS on LTF.
3. CE of FVG is major round number of 4000. Which makes it more impactful to push price hard.
4. FVG is nested inside bullish OB. So overall this price zone would act as a magnet while price retracing and spring while delivery changes.
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Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) and check with your financial advisor before making any trading decisions.
