XAU/USD is currently potentially making a secondary reaction. There will be 2 scenarios. The first one is it'll fill it's demand area and then stop it's secondary reaction and continue it's upside bullish movement, or it'll fill the FVG in the yellow area I filled, then continue it's upside movement. The ending scenario should be up.
We can either countertrend and take a few pips profit from the secondary reaction (not really recommended, entry speculative). Or we can wait for swing low formed, and open a long position.
Let's hope this goes according to our plan! (DISCLAIMER ON!)
We can either countertrend and take a few pips profit from the secondary reaction (not really recommended, entry speculative). Or we can wait for swing low formed, and open a long position.
Let's hope this goes according to our plan! (DISCLAIMER ON!)