XAUUSD SHORT TERM
*We had strong Bearish momentum on 25th May after price cleared highs at 1865.47 looking left
*this led to a strong bearish displacement causing price to break a significant low around 1847.02
*NY session opening shortly and we see price consolidating on lower timeframes generating liquidity(Equal highs n lows)
CONCLUSION
I anticipate a drop in price of approximately 100+ pips to the range EQuilibrium at 1851.13, Although we might have a push up to clear the lower timeframe Buyside liquidity before the drop
Trade closed: target reached
RANGE EQuilibrium reached
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.
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.