XAUUSD | Potential Forecast | 13 November 2022
Hi guys, Chern Yu here.
I use smart money concepts (SMC) in analysing charts and price.
Confluences used:
1. Demand/Supply zones
2. Liquidity
3. Structure
4. Market inefficiencies
Analysis:
- Gold is hovering around 1771 area currently.
- Possibility of tapping into H4 supply zone.
- Price is structurally bullish and will look for longs next week.
- Higher highs and higher lows being formed.
- Will be identifying possible short term reversals once it taps into supply zone above.
Let's smash the next week!
Do make sure to leave a comment and give a boost!
I will be more than happy to answer any questions there are!
Cheers,
CY
I use smart money concepts (SMC) in analysing charts and price.
Confluences used:
1. Demand/Supply zones
2. Liquidity
3. Structure
4. Market inefficiencies
Analysis:
- Gold is hovering around 1771 area currently.
- Possibility of tapping into H4 supply zone.
- Price is structurally bullish and will look for longs next week.
- Higher highs and higher lows being formed.
- Will be identifying possible short term reversals once it taps into supply zone above.
Let's smash the next week!
Do make sure to leave a comment and give a boost!
I will be more than happy to answer any questions there are!
Cheers,
CY