XAUUSD going short this week!
XAUUSD Price has tapped into a higher tf order block and created a wyckoff schematic. XAUUSD will most likely move up to test the next order block as marked, creating the LPSY (last point of supply) before moving lower. This will just be a short term sell as XAUUSD still looks very bullish on higher tfs. Would love to hear your ideas!
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Price tapped into a larger order block. It may not make a full retracement before selling off. If Wyckoff occurs on the lower tfs we can look for short positions.
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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.