Lately on XAUUSD the market was on a bull run for the past couple weeks, but seems like the bull run is over because price on the weekly timeframe has just taken out the previous weekly high + the external range liquidity or the sell side liquidity, currently the market is left with one hour before this current weekly candle close, this would be the right confirmation because price has closed back inside the range
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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.