XAUUSD: Extreme Demand +400 Pips
- Price has been consolidating within a range for the past week, following the recent bearish move from 2718.0. This range suggests the market is accumulating orders in preparation for the next potential breakout. to be clear I do not know or predict the next big move, but what is clear that before expecting a bullish move we should see at first a small bearish move to take the liquidity below 2605.0 and maybe create a full retest to extreme demand zone at 2580.
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