XAUUSD Forcast

١٧ فبراير ٢٠٢٣

Hi everyone! I have lined up a potential long forecast on Gold and anticipate bullish continuations.

Trade Idea
1. Given the consolidatory nature of price over the last few days, I believe that the bearish price action will soon overtake the bull and price can pullback to wave 4
2. Price have already broken structure to the downside as shown by the structure breaks
3. I have marked out an OB zone which is the demand zone that price can potentially tap into
4. There is already to sweep inducement OB zone price at 1824 before coming pullback

I believe price can tap 1811 regions and will be eyeing Gold very closely

Things to take note of:
- There is a valid OB zone above that I have marked out and do keep that at the back of your mind