This base on Wyckoff Analysis
Effort VS Result as you see on current price that fall with weak candle and high volume. Price candle small and high volume thats addressed Big Whale is accumulate the price or they collect liquidity at lowest price or they buying at best price before price raising UP. And Now you can see the BOS is already occur and test test until...
The whales trap by create sell sentiment first and then push price falling down to shakeout retailers and then them buying the stock at lowest price after price falling down. Why i said the price falling for manipulation because when price falling down with high volume and then not continuing to falling in love and the they buying at the lowest price this reality...
Before I'm early predict that XAAUSD will break the tree big mountain but definitely not because they must take the order at the bottom first and price will bloww to the moon without big pressure ! ...
And by the Volume At Now Small timeframe Has many buyer they need to push until price 2015-2023 and then price will fall to 1920 above make SPRING and TEST ...
IM...
Thats Possibility by first analysis because almost trading range or structure not complete
.In small timeframe can be ACCUMULATION to make "UPTHRUST ACTION DISTRIBUITION".The smart traders take this advantage to absorb liquidity from weak hand to strong hand . Possible this is the last RESISTANCE and Gold will be to the bottom 1400.00USD .
