XAUUSD: Short +400 pips
Updated
Last week, price accumulated significant liquidity below the 2470 level before reversing to the upside. After sweeping minor liquidity at 2523, a key supply zone has emerged at 2504. Notably, the equilibrium aligns with this supply zone, presenting a potentially strong area for a short position. If a valid short confirmation forms at the 2504 level, we could anticipate a bearish move back towards the 2470 liquidity levels.
Note
- Price reached supply area at 2505, now we can wait for a confirmation to short.Trade active
- Price made a change of character on the lower time frame 5m at higher time frame supply zone.
- Now we have a confirmation to short.
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