Idea for short XAU in a long timeframe.
Based on the observed chart pattern, a Head and Shoulders formation appears to be developing. By integrating the Supply and Demand zones from the SMC (Smart Money Concepts) strategy, this setup indicates a strong potential for a selling opportunity at the current level.
*Beware of unexpected news.
*Beware of unexpected news.
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Disclaimer
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.