8d • Trade RoadMaps
XAUUSD 9-13TH MARCH
Last week was relatively slow for GOLD, with most of the focus being on USDCAD, which was the dominant pair.
Coming into this week, the charts are looking much cleaner, especially on GOLD.
We have seen a strong bearish push, but on the higher time frame we have not broken market structure. Instead, price has simply mitigated a demand zone and is now beginning to move higher.
Since the mitigation of that demand, we have had around a month of price action, which has created a large amount of liquidity to be taken.
I have marked out a target on GOLD, and with price being so close to the all-time highs, we could start working towards these targets this week, especially if we see an increase in volume.
Patience Pays
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XAUUSD 9-13TH MARCH
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