Gold (XAUUSD) is approaching the 78% premium zone after sweeping internal liquidity, suggesting a potential reversal. This setup anticipates a smart money distribution move, with a sell entry around 3,335–3,340, stop loss above 3,348, and targets at 3,310 (TP1) and 3,290 (TP2). The expectation is that after grabbing liquidity, price will reject from premium and drop toward the equal lows where sell-side liquidity rests.
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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.