GOOD MORNING, ZERO TO PIPS FAMILY!
Happy Monday! The markets are open, Sydney has made its move, and we’re watching to see whether that low holds. Remember, a low is only a potential low until price confirms it. 😉
Now, let’s look at Gold (XAUUSD). 🥇
Last week, Gold rejected my higher-timeframe demand zone. On Friday, price broke a key H4 high, creating a bullish break of structure and closing above it.
Today, price pulled back into my higher-timeframe Fair Value Gap (FVG) and bounced. That’s the area I’m watching closely. Need atleast a mitigation to the Consequent Encroachment. #XAUUSDTechnicalAnalysis $XAU $XAUT #ZeroToPips
Happy Monday! The markets are open, Sydney has made its move, and we’re watching to see whether that low holds. Remember, a low is only a potential low until price confirms it. 😉
Now, let’s look at Gold (XAUUSD). 🥇
Last week, Gold rejected my higher-timeframe demand zone. On Friday, price broke a key H4 high, creating a bullish break of structure and closing above it.
Today, price pulled back into my higher-timeframe Fair Value Gap (FVG) and bounced. That’s the area I’m watching closely. Need atleast a mitigation to the Consequent Encroachment. #XAUUSDTechnicalAnalysis $XAU $XAUT #ZeroToPips