XAUUSD is currently experiencing a significant decline after sweeping the liquidity resting above its previous highs. This downward movement has also resulted in a break of the key trendline, signaling potential for further bearish momentum. The market now appears to be heading toward the marked Fair Value Gap (FVG) within the demand zone, where additional liquidity is also positioned along the broken trendline. Furthermore, there's another FVG located below the current price level, providing a strong confluence for a continued drop. It’s advisable to remain patient and wait for the price to reach this FVG zone. Once it does, we could potentially find a high-probability buying opportunity from that level, aligning with smart money concepts and institutional order flow!
DYOR! Not Financial Advice.
DYOR! Not Financial Advice.
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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.