FX XAUUSD Weekly Recap | 14th -18th November 2022
Hi there guys!
I use smart money concepts to analyse price action and identify key important areas to execute positions.
GOLD
- Last week has largely been consolidatory on GOLD.
- However, towards the end of the week, we could see a change in market structure and a shift in momentum to the downside.
- I have utilized the concept of liquidity, structure and D & S zones in my analysis.
Outlook
- I am anticipating for GOLD to continue its bearish leg in the following week.
- Will be looking out for exhaustion candles and keep an eye on the potential slowing down of bearish movement.
Keywords
- BOS: Break of structure
I use smart money concepts to analyse price action and identify key important areas to execute positions.
GOLD
- Last week has largely been consolidatory on GOLD.
- However, towards the end of the week, we could see a change in market structure and a shift in momentum to the downside.
- I have utilized the concept of liquidity, structure and D & S zones in my analysis.
Outlook
- I am anticipating for GOLD to continue its bearish leg in the following week.
- Will be looking out for exhaustion candles and keep an eye on the potential slowing down of bearish movement.
Keywords
- BOS: Break of structure