XAUUSD Gold daily breakdown
Friday NFP saw the daily candle close in a very weird spot.
1. it started as a very bullish candle and turned doji
2. it closed within the range
3. despite being a doji it created a support with the previous daily bearish candle.
Is this significant? I don't think so. not yet. Monday's daily candle will tell us everything we need to know, especially as we will be forming structure for the weekly candle. Ideally Monday is bearish and flips bullish to create a bottom wick and grab liquidity before moving up, however we will see what happens.
1. it started as a very bullish candle and turned doji
2. it closed within the range
3. despite being a doji it created a support with the previous daily bearish candle.
Is this significant? I don't think so. not yet. Monday's daily candle will tell us everything we need to know, especially as we will be forming structure for the weekly candle. Ideally Monday is bearish and flips bullish to create a bottom wick and grab liquidity before moving up, however we will see what happens.
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