XAU/USD OUTLOOK FOR THE UPCOMING WEEK

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In the daily timeframe, the price reacted off the daily FVG strongly and is currently in a bullish trend.
The CPI and PPI news were bullish which saw price of Thursday and Friday move upward strongly.
I expect price to come back to fill the 4H FVG in the displacement leg before continuing the bullish trend towards the all time high and possibly breaking through it.

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ملاحظة

Price didnt tap into the 4H FVG but it reached the 50% point of the daily fvg which had the 4h fvg embedded in it. That is where i took my long entry from. But we are still bullish on XAUUSD targeting the all time highs this week so you still have a chance to gain some profits.

١٦ أكتوبر ٢٠٢٤

ملاحظة

Done close trade
All time high level hit
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