XAUUSD Downtrend
Based on SMC (Smart Money Concepts) analysis, it appears that gold on the 4-hour timeframe is likely to continue its downward movement after liquidity was swept from the previous high. Now, we are faced with two potential scenarios:
Scenario 1: A direct drop from the green box.
Scenario 2: A slight upward move into the FVG (Fair Value Gap), followed by a strong decline.
Let’s see which scenario gold decides to follow!
Scenario 1: A direct drop from the green box.
Scenario 2: A slight upward move into the FVG (Fair Value Gap), followed by a strong decline.
Let’s see which scenario gold decides to follow!
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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.