I have a buy analysis on XAUUSD due to the formation of a strong reversal candlestick (bullish engulfing), which has broken out from the previous bearish structure. After this movement, the price returned to a Fair Value Gap (FVG) region, highlighted in blue, indicating a possible imbalance zone where buyers can return to action. The entry is positioned within this region, with a target on the previous tops, signaling an expectation of continued upward movement.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.