Seem like XAUUSD does major structure and just blow up last week. Those movement are more than expected as the shortage move should be same with the surplus to have the balances in the price. This overextended move should now retrace a little and create shortage below Mid-Structure while creating a Surplus on Low-low Trendline to create some pressure for next upside move.
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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.