GOLD - BEARISH BUT BULLISH, BUT BEARISH BUT BULLISH?
Gold (XAUUSD) -
Hi everyone!! Hope we are all well! :)
Ive done a quick HTF Outlook on Gold via the Daily timeframe, whilst utilizing data from the Monthly and Weekly tiemframes, both of which have created areas of Imabalnces and Buy-side liquidity zones which i feel we may be tapping into.
Add in the power of three (yes, im an ICT trader - suck my gooch) - and its looking like HTF AMD, but August for me now is the actual decisive month as July seems to be the A of the AMD variable, so August is going to be an interesting month..., July did what i expected it to given May and Junes price action - lets not forget, expansion is followed by retacements/reversal moving back into Consolidation before the next Expansion...
so...
Gold has expanded aggressively from July's accumulation range and is now testing a significant higher timeframe area (the monthly FVG created over the last 3 months) - My current read isn't that the move is necessarily bullish or bearish - it's that this area should reveal intent!! (impulses need not apply).
Given the insanity & bi-polar nature of the markets (thanks Donald and your tweets and the see-saw peace talks), it wouldn't shock me if this motnh we see the Manipulation of the AMD, and that we start to really see market reversals in all of the risk-on assets over the next year(s)....
The Macros alone scream it....